Blackwood's Edinburgh Magazine, Volume 69, No. 423, January 1851Various
History
Blackwood's Edinburgh Magazine, Volume 69, No. 423, January 1851
Various
England -- Periodicals; Scotland -- Periodicals
the part of the Free-traders to monopolise to themselves, as
the result of their system, those improvements in agriculture
which were going on under protection with railroad speed, and
to which, in truth, their measures had only given a check, and
not an impetus. But then he was asked, what have you to say
to the United States? He would tell them. He found that the
exports to the United States amounted to L.11,971,028 in 1849;
but in 1836 they were not less than L.12,425,605; so that the
exports in the former exceeded those in the latter year by
L.454,577. Surely facts like these would dispose of a few of
the Free-trade fallacies, and we should not hear them again
repeated, at all events."--_Morning Herald_, Nov. 28, 1850.
The restoration of peace on the Continent was the principal cause
which again raised the amount of our exports to the Old World. This
appears decisively in the returns: the exports of Great Britain to
Germany alone, which, in 1848, had sunk to less than £4,000,000, rose,
in 1850, to £6,078,355. The cessation of purchases to the Continent,
during the two preceding years, in consequence of the alarm consequent
on the French and German revolutions, only made the rush for English
manufactures greater when the restoration of tranquillity reopened the
Continent to our industry. In America the change was equally great, and
equally irrespective of Free Trade: our exports to the United States,
in 1850, exceeded £12,000,000. This extension arose from the general
rise of prices, and extension of credit, from the opening of the
treasures of California. It not only created a new market for exports
on the reverse of the Rocky Mountains, but so vivified and animated
every part of the Union, as rendered them capable of purchasing a much
larger quantity of the manufactured articles of this country than they
had done for a great number of years.[6]
Public-domain text, read in full here on John Shaqi.
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