History of merchant shipping and ancient commerce, Volume 2 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 2 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
It was in the midst of this career of prosperity in the United States
that many far-seeing American statesmen urged on the then reluctant
attention of those of their countrymen who dwelt along the sea-board
the paramount necessity of dedicating their surplus capital to the
extension of agricultural industry. These men urged that the food
heretofore exported by America to foreign countries might not be
required for European consumption, and that many of the hands then
engaged in active hostilities, either for defence or conquest, would be
required for agriculture. Instead of there being always a deficiency of
food in Europe, it was quite possible that there might be a surplus of
provisions, the many thousands in their armies and fleets being added
to the productive classes, and thus diminishing the chief branch of
freight enjoyed by the United States shipping.
The experience of the interval from 1783 to 1791, when American trade
was so much depressed, had not been lost upon keen and calm observers,
and many able American writers incessantly pointed to the vast, rich,
fertile uncultivated lands in the south and west of the Union, as
the inexhaustible mine of wealth from which the future greatness and
power of the States must be derived, and urged their countrymen to
encourage and direct their efforts to that branch of domestic industry.
This salutary advice was not altogether lost at that time upon the
Americans; but it has since been ardently pursued, with what success
the exports of the articles of corn and cotton alone will fully
establish.
[Sidenote: The shipwrights of Baltimore seek protection.]
Public-domain text, read in full here on John Shaqi.
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