Of these three factors any one alone would be a powerful stimulus to
trade; the three working together account for the astounding growth
of commerce during the nineteenth century. Comparing the present and
earlier periods we may characterize the advance by saying that in the
Middle Ages commerce concerned itself almost entirely with the luxuries
of life; that in the modern period (1500-1800) it served mainly
men’s comfort; while in the recent period, since 1800, it has become
necessary to the very existence of a considerable part of mankind.
=372. Growth of the sphere of commerce and resulting specialization of
production.=—The world has gone far toward realizing the ideal of the
early free trader, that wherever a man might be, he should share in
the productive advantages of all other men, wherever they might be.
Customs tariffs have been able to check the movement of commerce; they
have been powerless to stop it. The sphere of ordinary trade, which was
once the manor, a mere hamlet or village; which grew in time to be the
town with its surrounding country; then included the whole nation; and
became in the modern period international,—this sphere of regular and
ordinary trade is now the world. Whole countries now specialize in the
production of different articles, as individuals or small districts
once did.
Northwestern Europe has become a great factory, drawing its food
supplies and raw materials from distant parts of the world, and
exporting manufactured products in exchange. Beside Europe stands
the continent of North America, supplying in large part the needs of
its own people for manufactures, and producing a surplus for export.
North America, indeed, stands in one aspect above Europe, for it has
unexhausted stores of natural resources which it lavishes on other
parts of the world less richly endowed. The other continents take
subordinate positions. They are enabled by commerce to procure from
Europe and North America the manufactured goods which they require, and
specialize in the production of various food supplies and raw materials
for the means of purchasing these goods.
=373. Abolition of the slave trade.=—The description of the present
world-organization of production, and of the exchange of wares to which
it gives rise, belongs to the department of commercial geography. It is
proper here, however, to call attention to some of the marked changes
in the wares of trade which have taken place since 1800.
One ware which was, before 1800, of great commercial importance, and
which yielded immense profits to those who dealt in it, has disappeared
with the abolition of the slave trade by all civilized nations. Long
before the abolition of slavery itself, humanity revolted against the
horrors of the “middle passage,” and the protests took effective form
about 1800; the states of Europe and America agreed, one after another,
that the slave-trade under their flags, and for the supply of their
territories, should cease.
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