=425. Increase in importance of trade with distant continents.=—If we
attempt to trace the changes in the direction of English trade in the
first half of the nineteenth century, we find, in the maze of figures
presented for study, some facts standing out as evident and important.
The trade with other countries in Europe grew steadily, but grew slowly
as a rule, and did not keep pace with the progress which English trade
was making in other parts of the world. Most of the continental states
looked with jealousy on England’s industrial development, and checked
the free exchange of commodities by severe restrictions. We must look
outside of Europe for the field of expansion of English trade. Africa
still remained unimportant from the commercial standpoint, but America,
Asia, and Australia dealt in increasing measure with the British
merchant.
=426. Great importance of the trade with the United States.=—The United
States was, far and away, England’s best customer, taking, near the
beginning of the century, when the ports of the continent were closed
by Napoleon, as much as one third of the total English exports, and at
the middle (1849) nearly one fifth. “It affords strong evidence of the
unsatisfactory footing upon which our trading relations with Europe
are established,” wrote an English author in 1838, “that our exports
to the United States of America, which with their population of only
twelve millions are removed to a distance from us of 3,000 miles across
the Atlantic, have amounted to more than one half of the value of our
shipments to the whole of Europe, with a population fifteen times as
great as that of the United States of America, and with an abundance of
productions suited to our wants, which they are naturally desirous of
exchanging for the products of our mines and looms.” The United States
paid for the wares by an export mainly of raw materials, and especially
of cotton.
[Illustration:
_Longmans, Green & Co., New York_
]
[Illustration:
THE WORLD
1902
_The British Possessions are
colored Red_
] During most of this period England drew three fourths of her supply
of raw cotton from the southern States.
=427. Trade with other distant countries.=—Other American countries
were good customers of the British manufacturer; Brazil, for instance,
bought more from England in 1849 than did England’s nearest neighbor,
France. Among other independent states China deserves mention. Trade
with that country had been included in the monopoly of the East India
Company until 1834, when it was thrown open to British merchants in
general; the trade grew rapidly thereafter, but suffered from the
restrictions imposed by the Chinese until, as a result of the so-called
Opium War of 1842, the English secured the cession of Hong-Kong and the
opening of a number of ports.
Public-domain text, read in full here on John Shaqi.
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