Allgemeine Gesellschaftslehre

Bibliographic data

Monograph

Identifikator:: 1047743825

URN:: urn:nbn:de:zbw-retromon-81714

Document type:: Monograph

Title:: Rapport sur la journée de huit heures ou la semaine de quarante-huit heures

Place of publication:: London

Publisher:: Harrison & Sons

Year of publication:: 1919

Scope:: iv, 165 Seiten

Digitisation:: 2019

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapitre III. Application du principe

Collection:: Economics Books

R72 POSTSCRIPT life. Cosmopolitanism has hitherto failed to suppress the national ‘will to live’; indeed, there has been a fresh develop- ment of patriotic sentiment in new lands, as well as in the old world, but it need not necessarily express itself in inter- national and inter-racial competition all ever the world. Patriotic traditions and aspirations may have full scope in nationalities, which are yet federated, for common political action and conscious economic co-operation, in one great Empire, The rapidity of change has also been stimulated by the success which has attended gold-mining during the last half- century. The discovery of gold in California in 1849 and the working of the Australian diggings in 1851 added immensely to the world’s stock of gold. This has been esti- mated as £560,000,000 in 1848, while it is believed that no less than £240,000,000 had been added before the close of 1860 —or an increase of nearly fifty per cent’. The effects of the opening up of these sources of supply have been many and far-reaching. The most obvious has been a rapid fall in the value of gold, and, as a consequence, a rapid rise in prices in England, since gold is now the standard of value. We have very full records of the prices of commodities of all sorts for the period 1845—50, before the influence of the newly dis- covered gold was felt; and we see that in 1853 general prices ranged 11'3 per cent. higher, and that the increase went on till, in 1857, there had been a rise of no less than 288 per cent. on the prices for the quinquennial period which closed in 1850°" The changes in prices have been accompanied by variations in the relative value of the two precious metals; from 1850 till 1870 gold slightly depreciated relatively to silver; though this has been obscured in retrospect by the still greater changes of an opposite kind which occurred through apf Gite the opening up of the silver mines in Nevada, and the new value of the demands for gold which were set in motion by the alteration metals: Of the German monetary system in 1872, when gold was adopted in place of a standard that had been practically bi-metallic. The corresponding movements, in the sixteenth and seventeenth centuries, resulted in a difference of the rating of gold in different countries, all of which were chiefly silver- 1 R. C. Jebb, Studies in Colonial Nationalism, 1. ® Jevons, Investigations in Currency and Finance, 68- 3 Jevons, Ib. 47. See Append. G.

Access restriction

Copyright

fullscreen: The Industrial Revolution

Monograph

Chapter

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation