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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878 LAISSEZ FAIRE the commodities which they import from both Indies, than they used to do formerly: and that in consequence they are greater gainers by it, and can afford, better than ever, to pay taxes. In all the well governed states of Europe the ex- penditure has been rising for the last thirty years, and the revenues have risen in proportion. «He who doubts the advanced flourishing condition of the British commerce and the wealth of the nation, may sasily convince himself of his error, merely by comparing the former and present English custom-house entries, the list of imports and exports, and the amount of the duties which they necessarily occasion: to this ought to be added, that the English are now in possession of the greater part of the commerce of the world, and by these means have it in their power to fix the standard price of almost every commodity. They have besides this, immediately after the commencement of the present war, captured from the French and Dutch great numbers of ships with rich cargoes, the amount of which is estimated to exceed £14,000,000 sterling. Ba « Allowing that the other commercial nations who are nglan . . oh ould defy competitors with the English in trade over all the world, even ompeliton ¢}t themselves inclined to undersell the English in their prices, it would in the first place be incompatible with their interests; in the second, it is out of their power to supply all nations sufficiently, out of the scantiness of their stores. The English possess quantities immensely larger than they do, and barter them for the produce of their manufactures; which is generally the case in every corner of the globe. There 1s scarcely a single commodity, a single article either of luxury or convenience, that is not manufactured by the English, with the most consummate skill, and in the highest state of perfection, “The soil of Britain does not indeed produce a quantity of corn sufficient for the exigencies of its inhabitants; and for this reason it becomes necessary, every year, to remit large sums of money for its purchase to the ports in the Baltic; but then nature has indemnified that country with through ker her rich coal mines, the envy of foreigners, who by this means wealth in : : iy become, in a certain manner, tributary to England; for the A.D. 1776 —1850. from customs,

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