The Industrial History of Modern England

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Skilled handicraftsmen were not yet numerous enough to be lightly flouted ; but in the textile and other routine trades — where hand- workers, with their old domestic tools, were pitted against the factory machine, and women and children against men — the spirit of greed was unrestrained. Hume and his friends would hardly have been able to manoeuvre through Parliament in 1824 the repeal of the combination laws had it hot been a postulate of their own economic doctrine that neither by combinatio...n nor in any other way could labour secure a higher wage than the play of natural forces gave it. Even so, the majority repented of its good deed in the following year ; and, on Huskisson's initiative, the Act was modified so as to penalize association for any but the most peaceful kind of bargaiiiing as to wages and hours of labour. A substantial gain was left, however; and, from this point, trade unionism must be watched as one of the rising powers in the national life.
The second great commercial crisis of the century, that of 1825, illustrates the economic principles of which we spoke in connection with the first ; and even more signally does it exhibit the demoralizing consequences upon the more comfortable classes of the loss of a long prevalent social faith, the breakdown of one principle of cohesion in society before another can be established in its stead.


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