The Evolution of Modern Capitalism: A Study of Machine ProductionHobson, J. A. (John Atkinson)
History
The Evolution of Modern Capitalism: A Study of Machine Production
Hobson, J. A. (John Atkinson)
Capitalism; Industries -- History; Machinery in the workplace
§ 7. The history of the cotton industry is in its main outlines also
the history of other textile industries. We do not possess the same
means of measuring statistically the growth of the woollen industries
in the period of revolution; but since, on the one hand, many of the
spinning and weaving inventions were speedily adapted into the woollen
from the cotton industry, while the application of steam to
manufacture and the effects of steam locomotion were shared by the
older manufacture, the growth of the trade in the main conforms to the
same divisions of time. The figures of imported wool are not so
valuable a register as in the case of cotton, because no account is
taken of home-produce, but the following statistics of foreign and
colonial wool imported into England serve to throw light upon the
growth of our woollen manufactures.
STATISTICS OF WOOL IMPORTED INTO ENGLAND.
lbs. lbs.
1766 1,926,000 | 1830 32,305,000
1771 1,829,000 | 1840 49,436,000
1780 323,000 | 1850 74,326,000
1790 2,582,000 | 1860 151,218,000
1800 8,609,000 | 1870 263,250,000
1810 10,914,000 | 1880 463,309,000
1820 9,775,000 | 1892 743,046,104
In the silk industry the influence of machinery is complicated by
several considerations especially affecting this manufacture. Although
the ingenuity and enterprise of the Lombes had introduced complex
machinery into silk throwing many years before it was successfully
applied to any other branch of textile industry, the trade did not
grow as might have been expected, and the successive increments of
great mechanical invention were slowly and slightly applied to the
silk industry. There are special reasons for this, some of them
connected with the intrinsic value of the commodity, others with the
social regulation of the trade.
The inherent delicacy of many of the processes, the capricious
character of the market for the commodities, the expensive production
of which renders them a luxury and especially amenable to the shifts
of taste and fashion, have preserved for artistic handicraft the
production of many of the finer silk fabrics, or have permitted the
application of machinery in a far less degree than in the cotton and
woollen industries.
Moreover, the heavy duties imposed upon raw and thrown silk, which
accompanied the strict prohibition of the importation of manufactured
silk goods in 1765, by aggravating the expenses of production and
limiting the market at the very epoch of the great mechanical
inventions, prevented any notable expansion of consumption of silk
goods, and rendered them quite unable to resist the competition of the
younger and more enterprising cotton industry, which, after the
introduction of colour-printing early in the nineteenth century, was
enabled to out-compete silk in many markets.
Public-domain text, read in full here on John Shaqi.
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