=250. (4) Analysis of English imports in the modern period.=—After this
survey of one side of English trade we have to consider the other,
the imports which England purchased with her surplus wares. In round
millions of pounds the imports at the end of the eighteenth century
were as follows, in the order of their values: sugar 7.1, tea 3.1,
grain 2.7, Irish linen 2.6, cotton 2.3, coffee 2.2, wood 1.5, butter
1.0, tobacco 1.0, hemp 1.0. These wares amounted to more than half of
a total import of 42.6. If the list were extended to less important
wares a number of manufactured goods would be found on it, but these
evidently could in general be produced to better advantage in England
than anywhere else. England had already made herself the “workshop of
the world,” and drew from other countries mainly raw materials and
foods which could not be produced at home. Some of the colonial imports
were shipped again, as will be shown later, but a large proportion of
them was consumed at home by a population which was not only growing
in size, but was enabled by means of commerce to gratify its taste for
products comparatively new (sugar, tea, coffee, tobacco).
=251. (5) Sources of the imports.=—At the period when these figures
were compiled war had interrupted the trade of England with France and
the Netherlands, but an active commerce still continued with other
parts of the Continent. The imports from European countries were
largely minor manufactures, which do not appear in the list above,
but raw materials also were furnished by the less advanced European
states. Wool came from Spain; hemp, flax, and tallow from Russia; wood,
iron, and copper from Scandinavia.
For some of the most important imports we must look to countries
outside of Europe. The trade with Asia supplied all of the tea, and
part at least of the other commodities (coffee, cotton, sugar) which
we now associate with America, as well as a considerable amount of
Indian manufactures, especially textiles. This trade still rested in
the control of the East India Company, which had grown to be a great
political power in Asia, with a government and army of its own. At home
it had had a checkered career. As the result of bitter attacks in the
seventeenth century it widened its membership, but it still maintained
the monopoly of trade with Asia till 1793, when it conceded to private
merchants a certain share in the trade with India.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account