The Great Power Its Origin Use And Influence a Brief Explanation of the Nece

Cover The Great Power Its Origin Use And Influence a Brief Explanation of the Nece
The Great Power Its Origin Use And Influence a Brief Explanation of the Nece
M De P Montagu De Pomeroy Webb
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In the mean- time the industries of those peoples, the purchas- iii 112 THE GREAT POWER.
ing powers of whose moneys have not similarly advanced, will gradually forge ahead ; their products will come in competition with those of the United Kingdom, not only in their own countries, but in other markets, and finally in the markets of the United Kingdom itself. The results of this competition can be clearly fore- seen. First, those products of British industry, the preparation of which does not req
...uire special skill, peculiar machinery, or very large capitals, will be displaced ; then, as the benumbing influence of an unjust monetary system con- tinues to operate, those other products, the manufacture of which has only been perfected by years of experience, by the accumulation of most valuable machinery, and by the acquisition of especially favourable localities, will also suffer a similar displacement. Industrial progress will be checked in all directions, and whilst other countries who receive a supply of money more suitable to their commercial needs than Great Britain are advancing by leaps and bounds, the United Kingdom will gradually come to a standstill and then drop behind.

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