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The Growth of English Industry and Commerce

By Cunningham, W.

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Book Id: WPLBN0000661321
Format Type: PDF eBook
File Size: 18.10 MB.
Reproduction Date: 2005
Full Text

Title: The Growth of English Industry and Commerce  
Author: Cunningham, W.
Language: English
Subject: Political science., Economics and literature, Economic & political studies series
Collections: Economics Publications Collection
Publication Date:
Publisher: Archive for the History of Economic Thought


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Cunningham, W. (n.d.). The Growth of English Industry and Commerce. Retrieved from

Economic Theory Literature

Excerpt: VII. LAISSEZ FAIRE. 242. THE period, which opened with Arkwright's mechanical inventions, has been the commencement of a new era in the Economic History, not only of England, but of the whole world. It marked one of the great stages in the growth of human power to master nature. The discovery of the New World, and of the sea route to India, had been events which gradually altered the whole method and scale, which European commerce was carried on. The application of water-power, and of steam, to do the work which had been previously accomplished by human drudgery, is comparable with the commercial revolution of the sixteenth century, as a new departure of which we do not even yet see the full significance.

Table of Contents
CONTENTS. VII. LAISSEZ FAIRE 242. The Industrial Revolution in England. The Industrial Revolution, which began in England, entails a complete alteration uf social conditions, mherever it spreads. Mechanical inventions were not a practical success, till the eighteenth century afforded the requisite opportunities for enterprise. The well-ordered trade of the seventeenth century had been incompatible with the pushing of business, and the old regulations were proving mischievous ; in the nineteenth century, though the working classes agitabed for the enforcement of existing legislation, Parliament was ready to abandon it. The seventy years of Industrial Revolution changed the whole


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