The Industrial Revolution

Bibliographic data

Monograph

Identifikator:: 1027928145

URN:: urn:nbn:de:zbw-retromon-159926

Document type:: Monograph

Author:: Cunningham, William http://d-nb.info/gnd/128907487

Title:: The Industrial Revolution

Place of publication:: Cambridge

Publisher:: The University Press

Year of publication:: 1922

Scope:: xxii S., S. 404-886

Digitisation:: 2021

Collection:: Economics Books

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406 PARLIAMENTARY COLBERTISM AD. 1659 or prejudicial’? There was a close affinity between this "economic position and the political aims of the party. The Rarnoniod Whigs were hostile to France, and bitterly jealous of French jealousy of influence politically; they were eager to attack the power France. 7 . : _ they dreaded, by protective legislation. French competition was the chief rival which English manufacturers had to fear; and they were able to furnish the Whigs, who were nervously suspicious of French influence, with an excuse for checking intercourse with that country, and for hindering the development of its trade. A similar line of economic policy was adopted by the Whigs in regard to the manu- factures imported from other regions. The English pro- ducers of textile fabrics alleged that their markets were spoiled by the importation of East Indian goods, and the Whigs were not averse to harass the trade of the great joint-stock Company, which had come under the rule of Tory magnates. There was a close connection between the political affinities of the Whig party and the economic scheme of protecting native industry. During the period of Whig ascendancy, the economic policy of the country became a thoroughgoing imitation of the principles of Louis XIV.’s great minister Colbert?, though they were pub into effect, not by royal mandates as in France, but by parliamentary legislation. ie da 210. The increasing power of the House of Commons House of is shown not only in the manner in which that assembly Commons a able to determine the general lines of economic policy, adminis: hut also in the new attitude which members assumed authority towards the administration. They were no longer content with criticising the blunders of the King’s servants, but attempted to get the control of certain departments into their own hands. Students of the English constitution long believed that it was framed so as to ensure a severance of the legislative and executive powers, and this view appears to have been held by William and his most faithful sup- porters; but the House of Commons was not prepared to submit to this opinion, and succeeded in getting it aside. 1 Proposals made by his late Highness the Prince of Orange for redressing and amending the Trade of the Republic, 23. 2 On Colbert's system, compare P. Clement, Colbert et son administration: also Sargent, The Economic Policy of Colbert.

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