=376. Petroleum.=—Nor is the new commercial significance of mineral
products confined to the metals. In the last half century the trade
in mineral oil (petroleum, “kerosene”) has become a necessary part
of the world’s economy. One result of the great improvements in
manufactures and transportation was a demand, from all sides, for more
light. Artificial illumination was needed for the full utilization
of machinery and means of transportation; and to provide light for
the newspaper reading, study, and recreation to which people gave
themselves in increasing numbers. The first half of the century
witnessed many improvements: the invention of matches, the introduction
of glass lamp-chimneys, the spread of gas lighting, and the use of
new oils for illumination. No previous advance, however, compares in
importance with the discovery that crude petroleum could be made the
source of a cheap and efficient means of illumination. The development
of the petroleum trade in the space of little more than a generation
is a matter of common knowledge, and is readily explained by the
importance of the service which it performs.
=377. The grain trade; slight development before 1800.=—Important and
characteristic as the trade in mineral products has grown to be in the
nineteenth century, it is still far from first place among the branches
of the world’s commerce. The primacy belongs, without question, to the
trade in foodstuffs, especially grain.
Before the development of the modern system of transportation commerce
in foodstuffs concerned itself largely with the condiments rather than
the aliments, with spices and seasoning rather than the substantial
food staples. Even at a freight rate of 15 cents per ton-mile (and
the expense of transportation on European roads before 1800 was
certainly far above that), wheat at $1.50 a bushel would be limited
to a trade-radius of 330 miles; the whole value of the wheat would be
consumed in transporting it that distance. Transportation by sea was,
of course, much less costly, and enabled limited amounts of food to
be imported under favorable conditions. Still, food has to be grown
on land, and often on land distant from any means of water carriage;
and the countries of Europe were forced in general to a policy of
self-sufficiency, raising the requisite supplies of food at home under
conditions however unfavorable. We may appreciate the short space of
time separating us from this state of affairs by noting that in France,
even in 1817, people were dying of famine in Lorraine, while wheat was
abundant in Brittany; the carriage of provisions from one province to
the other quadrupled prices. In Russia, even later (Pskov, 1845), the
same conditions prevailed.
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