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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especially in view To velop- ment of political throughout the British Empire. POSTSCRIPT place under the fiscal and legislative measures he carried, has been altogether wholesome. It will be for future ages to decide whether he was the wisest of democratic leaders, or the greatest of unconscious charlatans. Nor does it seem possible to apply the mé&thod which has been pursued throughout the foregoing pages, in tracing the fortunes of the English people for nineteen hundred years’, to the industrial and commercial growth of the last half- century. It has been the object of this book to co-ordinate the story of economic life with that of political development, and to bring out the relations between the two. In each era political aims have affected the direction and manner of economic growth ; the story of material development is only intelligible, when the underlying sentiments and objects are clearly understood. But with the fall of the Mercantile System, the power of the English realm, in its narrower sense, which was for centuries the determining factor in shaping the economic growth of the country, has ceased to be treated as an adequate, far less as an exclusive object of consideration. There is a far wider outlook before us in discussing the economic policy of the realm, and we have hardly yet focussed our view as to the direction in which we may most wisely try to move. Account must be taken of the great communities and dependencies beyond the sea, both as re- gards our political institutions, our naval and military ex- penditure, and our material prosperity. Not till the new forms, which the life of the British Empire is assuming under our very eyes, are more clearly defined, will it be possible to trace the process of economic readjustment which has been involved in attempting to meet these new requirements. Political and economic factors react upon one another; the doctrine of laissez faire has vanquished the narrower national- ism of the seventeenth and eighteenth centuries; but has it said the last word in regard to our mercantile relations with all parts of the world ? We have discarded this doctrine, deliberately and finally, in regard to the conditions of in- dustrial life, and the management of traffic within Great Britain. Who shall say what the issue will be when the 1 B.c. 55 t0 A.D. 1830. B66

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