The Industrial Revolution

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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. The Eco- nomsts feared that any short- suing of hours 174 LAISSEZ FAIRE answer for the proceedings of his department, or initiate legislative improvements. By the establishment of a central authority with a power of control, similar to that which had been exercised by the Council in the time of Elizabeth, the worst evils which had characterised the long era of chaos were brought to an end. But the new administrative system, in all its parts, was the creation of Parliament; it was in complete accord with the institutions of a country which, while still preserving a monarchical form of government, had zome to be very democratic in fact. 269. When Parliament was dealing with such matters as the removal of the personal disabilities of workmen and the reform of poor law administration, the philanthropists and the economists could unite in approving the changes. It was a different matter, however, when public attention was called to the baneful conditions under which work was carried on. Antagonism began to develop at once. The economists believed that any shortening of hours would certainly involve a reduction of the output, and that a reduction of wages must necessarily follow. They were of opinion that this decrease of command over the comforts and requisites of life would be fraught with serious evil for the poorer classes. Since it involved this prospective loss of wages and food, any gain to health, that might accrue from shortened hours, seemed to them wholly illusory. The agita- tors seemed to be mere sentimentalists, who wilfully shut their eyes to plain facts; the crusade might have appeared more reasonable, if the English manufacturers had had a monopoly and could conduct their business as they pleased; but in the existing conditions of trade, the employers felt that they were not free agents, and resented being branded as criminals. Foreign tariffs were prohibitive, and foreign industry was advancing ; and as the restrictions on the import of corn hindered the sale of our goods abroad, manufacturers found it difficult to make any profit. It was stated in 1833 that for the seven preceding years, the cotton-spinners had hardly been able to carry on business at all’, that the trade was in a most uncertain condition, and that capital was 1 8 Hansard, xx. 897.

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