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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A.D. 1776 — 1850. that of 1773 was sntended bo secure a food supply, esther from home or abroad, at a steady price; LAISSEZ FAIRE of resolutions, which fundamentally changed the whole system of policy, in the hope that the constant tinkering, which had gone on in recent years, would no longer be necessary. His scheme, which was in its main features embodied in the Act of 1773, was an endeavour to keep the price of corn steady, at about 48s. the quarter, by giving facilities for importation duty free, when English corn was selling at a higher rate. As his speech explains, “ the end proposed by this Bill is that of creating an influx of bread corn for home consumption, in case of internal scarcity; and an aid to our foreign trade in case of our not having a quantity of corn adequate to that important and beneficial commerce. This purpose is conducted under such regulations as shall prevent any inter- ference with the landed interest. In other words (said he), if I may be permitted to use an allusion to natural operations, it means to introduce into our supply an additional stream, and to fix such a wear at such a height as shall always keep the internal supply equal, and no more than equal, to internal want, yet preserve a constant overflow for all the surplus, so as never on one hand to endanger the depression of the landed interest, nor on the other the loss of our foreign market for corn—by our not being able, as has been the case for several years past, to supply the demands of that foreign market—as it is hoped that this measure will be formed into a permanent law. It is meant by the provisions in the Bill formed for the carrying it into execution—that its operations may go on, as the state of things does actually and really require, not as the interests of designing men may wish and will them to go; that this commercial circulation of subsistence may flow through pools whose gates are to open and shut as the state of the droughts, and fioods, and tides may require, not to consist of sluice-doors which are to be locked up and opened by the partial hands and will of men.” This measure may be regarded as of the nature of a com- promise; in so far as they accepted it, the representatives of each of the historic parties departed from the traditional policy which was associated with Whigs and Tories re- spectively. The Whigs, who had been eager to encourage 7121 i 13 Geo. ITI. c. 43. 8 Parl. Hist. Xvil. pp. 477-478.

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