Blackwood's Edinburgh Magazine, Volume 59, No. 368, June 1846Various
History
Blackwood's Edinburgh Magazine, Volume 59, No. 368, June 1846
Various
England -- Periodicals; Scotland -- Periodicals
The immense importation also of African and Egyptian grain, which
continued from the time of Tiberius down to the very close of the
empire, must have occasioned a great additional abstraction of the
precious metals from the Roman world. It has already been shown that a
very small proportion of the grain imported from these distant provinces
was remitted in the shape of tribute. By far the greater part, probably
nineteen-twentieths of the whole supply, was imported by private
merchants for sale, as it could be got from them cheaper than it could
be raised at home. This imported corn, of course, required to be paid
for in something. But the inhabitants of the countries from which it
came--Spain, Sicily, Africa, and Egypt--for the most part slaves,
blessed with a fine climate, requiring little covering, and nearly
destitute of artificial wants, did not require, and could not consume,
any considerable amount of Italian or Grecian fabrics. Thus, by far the
greatest part of the price of the imported grain was paid in gold and
silver, for which there is a constant demand in all countries, savage or
civilized. A nation which imports foreign grain largely, _must_ in all
ages export the precious metals as largely; because the corn, of course,
is brought from those countries where it is raised the cheapest--and the
countries where this is the case, are those where labour is cheap, money
scarce, and artificial wants unknown. Money is what these countries
want, and money is what their surplus produce is nearly all exchanged
for. And this explains how it happened, that in the decline of the
empire, Spain, Africa, and Egypt, alone retained their flourishing
aspect, and were the only provinces from which money and soldiers could
be obtained, while they required none. The whole commerce between them
and Italy, or Greece, was one in which grain was exchanged for the
precious metals; and when they once got these, great part was hoarded,
as it now is in the East, and very little ever returned.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account