Bremen Cotton Exchange, 1872/1922Cramer, Andreas Wilhelm
History
Bremen Cotton Exchange, 1872/1922
Cramer, Andreas Wilhelm
Bremen (Germany). Baumwollbörse; Cotton trade
In those days, when the world spoke of the five "Great Powers", money
was called the sixth "Great Power" and that with full right. It is a
fact, that money means power, and that in a wider sense of the word
than is generally accepted. The power of a state is limited, the power
of money is unlimited, it is international. It seems ever to rejuvenate
and augment itself, and it constantly draws bigger multitudes under its
sway. A man who is a power in financial circles, plays his role in the
world. England owes its enormous influence in politics and national
economy to money. There have been other countries possessing great
riches, but the working, creating and ruling capital, was English.
Previous to the English, German tribes were known on the sea. Daring
mariners left our shores, and did a thriving business in all parts of
the adjoining seas, where they founded settlements in the northern
waters, and on the Baltic. How is it, that Germany has not gained
riches, and why has it not participated in the treasures of the world,
which, up to a few hundred years ago, were lying open to everybody? For
the most part the unfavorable geographical position is to blame. On all
sides, hemmed in by foreign countries, it had to suffer wars upon wars.
A hundred years ago, Germany might still have had a chance to gain for
itself a position in the world, but, at that time, it was lying in the
dust, bleeding from a thousand wounds. The wars, which Napoleon waged
against the German states, had reduced it to a poverty stricken
country. All stamina seemed to have disappeared through the Napoleonic
reign, the wars themselves and the contributions to the same, which the
enemy mercilessly exacted, brought about a condition, which stifled all
enterprise, and reduced the people to misery. Deep thought, poetry and
music had to take the place of bodily welfare.
In their poverty, the inhabitants could not grasp the advantages
offered to other nations. Under these conditions, England gained the
mastery over half of the globe, politically, and in an economic sense.
The colonies provided vast supplies, which were cleverly exploited,
riches increased, business relations with the European Continent were
opened and enlarged, and one fine day, England was the general provider
to the Continent for nearly everything required. The extension of Trade
was closely followed by the development of the Banking system, which,
after all, may be called a branch of the trade. In the colonies,
English banks were established, and every ton of rice or grain, every
pound of cotton or spice, had to be paid through the intermediary of
the banker, who, of course, derived a profit from the transactions.
Public-domain text, read in full here on John Shaqi.
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