Fluctuations of Currency Commerce And Manufactures Referable to the Corn Law
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The progress stands thus : — Flax-spinning power in 1828 — 500 horse-power. Advanced in four dear years to 1832—615 „ „ „ „ cheap years to 1836 — 1309, „ 1839—1695 Up to the end of 1836 the whole productive ability of the town was kept in full operation. The reaction which took place in 1837 threw about 200 horse-power out of working ; part of which were again set to work in 1838 : but by the end of 1839, and up to this time, out of the whole existing 1695 horse-power, only 951 are employed, an...d 744 are standing idle. The comparison is thus : 1828, existing, 500 horse-power; employed, 500 horse-power. 1832 „ „ 615 „ „ 615 „ 1836 „ „ 1309 „ „ 1309 1837 „ „ 1456 „ „ 1256 „ 1839 „ „ 1695 „ „ 951 We thus see, by the excited prosperity of the cheap years, a productive ability was called into existence which could not ultimately be used, and there is no doubt that a large portion, if not the whole, of the advantages obtained in the good years, have been since lost and sunk in unproductive power.
What to read after Fluctuations of Currency Commerce And Manufactures Referable to the Corn Law?
You can find similar books in the "Read Also" column, or choose other free books by James Wilson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The progress stands thus : — Flax-spinning power in 1828 — 500 horse-power. Advanced in four dear years to 1832—615 „ „ „ „ cheap years to 1836 — 1309, „ 1839—1695 Up to the end of 1836 the whole productive ability of the town was kept in full operation. The reaction which took place in 1837 threw about 200 horse-power out of working ; part of which were again set to work in 1838 : but by the end of 1839, and up to this time, out of the whole existing 1695 horse-power, only 951 are employed, an...d 744 are standing idle. The comparison is thus : 1828, existing, 500 horse-power; employed, 500 horse-power. 1832 „ „ 615 „ „ 615 „ 1836 „ „ 1309 „ „ 1309 1837 „ „ 1456 „ „ 1256 „ 1839 „ „ 1695 „ „ 951 We thus see, by the excited prosperity of the cheap years, a productive ability was called into existence which could not ultimately be used, and there is no doubt that a large portion, if not the whole, of the advantages obtained in the good years, have been since lost and sunk in unproductive power.
What to read after Fluctuations of Currency Commerce And Manufactures Referable to the Corn Law?
You can find similar books in the "Read Also" column, or choose other free books by James Wilson to read onlineMoreLess
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