The Planters of Colonial VirginiaWertenbaker, Thomas Jefferson
History
The Planters of Colonial Virginia
Wertenbaker, Thomas Jefferson
Slavery -- Virginia; Virginia -- Economic conditions; Virginia -- History -- Colonial period, ca. 1600-1775
For Virginia this startling development was all-important. During the
darkest days of the Restoration period her share of the total returns
from the tobacco crop could hardly have exceeded £10,000; in 1699 it was
estimated at £100,000. Even if we accept the conservative statement that
the average number of hogsheads exported from Virginia in the last
decade of the century varied from 35,000 to 40,000,[7-6] the planters
still would have received £75,000 or £80,000. From dire poverty and
distress the colony, almost in the twinkling of an eye, found itself in
comparative ease and plenty.
Nor is the reason difficult to discover. It had never been the intention
of the British Government to destroy the foreign trade of the colonies,
the Navigation Acts having been designed only to force that trade
through English channels. The planters were still at liberty to send
their tobacco where they would, provided it went by way of England and
paid the duty of a half penny a pound. That these restrictions so nearly
put an end to shipments to the continent of Europe was an unfortunate
consequence which to some extent had been foreseen, but which for the
time being it was impossible to avoid.
It was undoubtedly the hope of the Government that the foreign market
would eventually be regained and that the colonial tobacco would flow
from the colonies into England and from England to all the countries of
Europe. Prior to 1660 Holland had been the distributing centre for the
tobacco of Virginia and Maryland; now England insisted upon taking this
rôle upon herself. But the authorities at London were hardly less
concerned than the planters themselves at the difficulties encountered
in effecting this change and the unfortunate glut in the home markets
which followed.
Public-domain text, read in full here on John Shaqi.
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