A History of the Nineteenth Century, Year by Year. Volume 2 (of 3)Emerson, Edwin
History
A History of the Nineteenth Century, Year by Year. Volume 2 (of 3)
Emerson, Edwin
History, Modern -- 19th century
The final settlement of Napoleon's great upheaval of Europe left England
feverish and exhausted. The prolonged financial strain of twenty years of
war had saddled Great Britain with a national debt of eight hundred million
pounds. Of material gain there was little to show but the acquisition of
Ceylon and the Cape of Good Hope from the Dutch; of the former French
colony of Mauritius, and of a few West Indian islands. The continued
possession of the Rock of Gibraltar, and of Malta, the old stronghold of
the Knights of Malta, together with the British protectorate over the Ionic
Isles, assured to England her commanding position in the Mediterranean. At
home the pressure of the heavy taxes required to meet the financial
legacies of the war was imbittered by the general distress of the country.
The new tax on the importation of grains resulted in famine prices.
Corresponding tariff restrictions abroad kept British markets overstocked
with goods. Mills and factories had to be shut down, while at the same time
the labor market was glutted with several hundred thousand discharged
sailors and soldiers. The starving working people grew bitter in their
opposition to new labor-saving devices. Thus the appearance of the first
steamship on the Thames and of the earliest ships constructed of iron,
followed shortly by Sir Francis Reynold's invention of an electric
clock-work telegraph and by James Watt's introduction of stereo plates in
book-printing, heightened this feeling. The resentment of laboring men
found expression in riotous meetings at Manchester, Littleport and
Nottingham. The movement spread to London. A great labor meeting was held
there on the Spa fields. The favorite newspaper of the workingmen,
Cobbett's radical "Two Penny Register," rivalled the London "Times" in
power. In Parliament the leaders of the radical opposition grew ever more
importunate. Not until the end of the year did matters mend. The most
comforting sign of better times was a partial resumption of specie payments
by the Bank of England, followed shortly by the opening of the first
Savings Bank in London. Other memorable events of the year were the
acquisition of the famous Elgin marbles from the Parthenon in Athens,
celebrated in Keats's sonnet "On Seeing the Elgin Marbles," and the
publication of Shelley's long poem "Alastor," and Leigh Hunt's "Story of
Rimini." A diplomatic setback pregnant with future trouble was the
dismissal of Lord Amherst, the British Ambassador at Pekin, for refusing to
kow-tow to the Emperor of China.
[Sidenote: Depression in America]
[Sidenote: Financial relief measures]
[Sidenote: Tariff _vs._ Free Trade]
[Sidenote: Changes in New England]
Public-domain text, read in full here on John Shaqi.
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