Under the influence of these opinions, prohibitions, restrictions, and import duties gave way on all sides. To the huge mass of the ignorant vulgar, the very sound of "_abolition of restrictions_" was delightful. Restraint was what they hated, exclusive privilege was their abomination, liberty of thought and action their supposed elysium. To abolish monopolies, incorporations, crafts, guildries, and statutes of apprenticeship, seemed a mighty step in the emancipation of the human race. Thus they cordially and universally joined in the cry for liberation from every sort of restriction, alike in thought, commerce, industry, and action, which had been first raised by the philosophers, and afterwards generally embraced by the capitalists and merchants. Amidst a chorus of congratulations, mutual applauses, and sanguine anticipations, with the cordial approbation of the political economists, the general concurrence of the merchants, and the loud shouts of the multitude, the doctrines of free-trade were progressively applied to every part of the social body. Taxes upon imports have been diminished, till, on all save a few articles, they are now entirely removed; native industry has been exposed, with a very slender protection, to the competition of foreign states; the restraints on the exportation of machinery has been removed, to allow foreign nations every advantage in competing with us; punishment has been alleviated, till the penalty of death, save in cases of wilful murder, has become practically abolished; the liberty of the press pushed the length of allowing without control its utmost licentiousness; unbounded toleration permitted in matters of opinion, even so far as generally to proclaim impunity to the worst Chartist or Socialist doctrines; combinations among workmen to raise their wages declared legal, and carried into practice on the greatest scale in all the manufacturing districts; a great organic change introduced into the constitution, to render Government more thoroughly dependent on public opinion; taxes to the amount of above thirty millions sterling, on articles of consumption, repealed in less than thirty years; a vast monetary change, to lower prices by raising the value of money, introduced, and steadily enforced, in spite of unbounded consequent distress; and the principle of free competition introduced generally as the basis of the social union, the only sure guarantee of national prosperity.