The History of England - a Study in Political EvolutionPollard, A. F. (Albert Frederick)
History
The History of England - a Study in Political Evolution
Pollard, A. F. (Albert Frederick)
Great Britain -- History; Great Britain -- Politics and government
Commerce rather than industrialism or agriculture is the distinctive
feature of English economy during the seventeenth and first half of the
eighteenth century. By means of newly developed trade-routes, the East
and the West were tapped for such products as tobacco, tea, coffee,
cocoa, sugar, rum, spices, oranges, lemons, raisins, currants, silks,
cotton, rice, and others with which England had previously somehow or
other dispensed; and the principal bone of contention was the carrying
trade of the world. Shipbuilding was the most famous English industry;
and when Peter the Great visited England, he spent most of his time in
the Deptford yards. For some of these imports England paid by her
services as carrier; and so far as India was concerned it was a case of
robbery rather than exchange. But exports were more and more required
to pay for the ever-increasing imports. It is impossible to state
categorically either that the imports provoked the exports or the
exports the imports; for the supply creates the demand as much as the
demand creates the supply. There can have been no conscious demand for
tobacco in England before any Englishman had smoked a pipe; and when an
English merchant in Elizabeth's reign took a thousand kerseys to
Bokhara, he did so without waiting for an order. Both exports and
imports, however, can only develop together; the dimensions to which
English commerce had attained by Walpole's time involved exports as
well as imports; and the exports could not have been provided without
developing English industries.
In particular, England had to export to the colonies because the
colonies had by the Navigation Acts to export to England; and Walpole's
abolition or reduction of duties on colonial produce illustrated and
encouraged the growth of this trade. In return for colonial tobacco,
rice, cotton, sugar, England sent chiefly woollen and afterwards cotton
manufactures. These woollens had long been manufactured on the domestic
system in the sheep-rearing districts of England, particularly
Yorkshire; many a cottage with its four acres for farming had also its
spinning-wheel, and many a village its loom; and the cloth when
finished was conveyed by pack-horses or waggons to the markets and
fairs to be sold for export or home consumption. But between 1764 and
1779 a series of inventions by Arkwright, Hargreaves, and Crompton,
transformed the simple spinning-wheel into an elaborate machine capable
of doing the work of many spinners; and once more an advance in
national productivity was made at the expense of the individual workers
who took to breaking the machines to stop their loss of work.
Public-domain text, read in full here on John Shaqi.
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