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. 1689 —1776. of paper money in Scotland. 156 PARLIAMENTARY COLBERTISM to’ take advantage of facilities for accumulating and for obtaining the use of capital; these appear to have been the chief agency in bringing about the development of the Scotch fisheries—to the practical exclusion of the Dutch XIV. PARLIAMENTARY REGULATION OF COMMERCIAL DEVELOPMENT. Burleigh’s 290. A consideration of the aims, which statesmen set ay before themselves after the Revolution, in concluding com- ih cements mercial treaties with foreign powers and regulating intercourse by requ- . between different parts of the empire, brings out the fact that ceased tobe England had already entered on a new phase of economic life. He: The main lines of Burleigh’s scheme for the promotion of power were being maintained, but marked differences underlay the apparent continuity of policy. Burleigh had been primarily concerned in developing national resources of every kind; the system of well-ordered commerce had been an appropriate means for securing the steady progress of trade, pari passu with the improvement of lands and manufactures. During the seventeenth century, however, the country had outgrown the facilities which could be offered by the machinery of regulated trade. The statesmen of the Revolution era were clear that, in so far as any branch of commerce had a healthful effect upon industry, it should be pushed as rapidly and energetically as possible. the Tories There was indeed, as Professor Ashley has pointed out?, i a remarkable body of men who took an even larger view of aan’ the policy which should be pursued towards trade. They of would have been content to impose preferential duties, so all kinds. as to favour our own industries especially, but they were not prepared to stigmatise any branch of trade as injurious to the realm. They argued that the very existence of a trade showed that it was directly advantageous to some classes of consumers, and they were doubtful whether this benefit was altogether discounted by possible injury to the productive energy of the country. At all events, it was clear 1 Report, 1826-7, v1. 507 (Dunsmure), printed pag. 131. t Surveys, Historic and Economic, 268.

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