An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolongedPlayfair, William
Philosophy
An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolonged
Playfair, William
Economics; Great Britain -- Economic conditions; History -- Philosophy
To enter into a long detail on this subject it is not necessary; but no
sooner were the hostilities at an end, than the American states bought
more of our manufactures than ever. Their laws and manners are
similar to our own, the same language, and a government evidently
approaching as near to ours as a republican well can to a monarchical
form. There is not, at this time, any branch of trade, either so great in
its amount, or beneficial in its nature, as that with the United States;
with this farther advantage, that it is every day augmenting, {205} and
as no country ever increased so fast in population and wealth, so none
ever promised to afford so extensive a market for our mannfactures
=sic= as the United States. This market is the more secure, that it will
not be the interest of the people who have got possession of that
immense tract of country to neglect agriculture and become
manufacturers, for a long period of time.
The greatest project, by which any nation ever endeavoured to enrich
itself, was certainly that of peopling America with a civilized race of
inhabitants. It was a fair and legitimate mode of extending her means
of acquiring riches; but Britain failed in the manner of obtaining her
object, though not in the object itself, and
---
{205} By this is not literally meant, that the trade every year is greater
than the preceding, but that it continues to increase.
-=-
[end of page #267]
the United States promise to support the industry of England, now that
it has humbled its ambition, far more than both the Indies, which
gratify it so much.
It is highly probable, that America will increase more rapidly in
wealth and population than in manufactures, such as she at present
takes from great Britain; but if the ratio merely continues the same
that it is now, the purpose will be completely answered, and a market
for British manufactures insured for ages to come. In 1802, by the last
census, the inhabitants of the United States amounted to about eight
millions; and, for several years together, the exports of British goods
have amounted to seven millions, so that it is fair to reckon a
consumption equal to sixteen shillings a year to each person. It was
about the same in 1774, previous to the revolt; and, as the population
doubles in about fifteen years, in the course of thirty years more, the
exports to that country alone would amount to 24,000,000 L. provided
we continue to be able to sell at such rates as not to be undersold by
others =sic= nations in the American market.
There is nothing great, nothing brilliant, in this commerce, all is solid
and good; it is a connection founded on mutual wants and mutual
conveniencey, not on monopoly, restriction, or coercion; for that
reason it will be the more durable, and ought to be the more valued;
but it is not. Governments, like individuals, are most attached to what
is dear to purchase and difficult to keep. It is to be hoped, however,
that this matter will be seen in its true light.
Public-domain text, read in full here on John Shaqi.
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