The Present Depression in Trade: Its Causes And Remedies
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Giffen says {Times, December 26, 1884), "though the amounts have largely increased (for we exported .£61,000,000 only in 1840 against £210,000,000 at the present time, so that a smaller percentage of the total gives a larger amount now than a larger percentage of the total did in 1840), yet the rate of increase has been slower than in the case of our exports generally. In other words, , the direction of trade has shifted a little." Every shifting is attended with a dislocation of labour until a... more stable con- dition is attained. A new invention of any magnitude, chemical Dr mechanical, involving a new industry, or the modification of 3 34 THE PRESENT DEPRESSION IN TRADE: an old one, means unsettlement. A new tax miglit have a similar effect, or the alDolition of an impost, as in the case of the paper duty. A new enterprise, like the Suez Canal, has caused narrower ships to he built, with less provision and coal-room ; it has involved a quicker transport, a change in a trade current.
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To quickly assess the difficulty of the text, read a short excerpt:
Giffen says {Times, December 26, 1884), "though the amounts have largely increased (for we exported .£61,000,000 only in 1840 against £210,000,000 at the present time, so that a smaller percentage of the total gives a larger amount now than a larger percentage of the total did in 1840), yet the rate of increase has been slower than in the case of our exports generally. In other words, , the direction of trade has shifted a little." Every shifting is attended with a dislocation of labour until a... more stable con- dition is attained. A new invention of any magnitude, chemical Dr mechanical, involving a new industry, or the modification of 3 34 THE PRESENT DEPRESSION IN TRADE: an old one, means unsettlement. A new tax miglit have a similar effect, or the alDolition of an impost, as in the case of the paper duty. A new enterprise, like the Suez Canal, has caused narrower ships to he built, with less provision and coal-room ; it has involved a quicker transport, a change in a trade current.
What to read after The Present Depression in Trade: Its Causes And Remedies?
You can find similar books in the "Read Also" column, or choose other free books by Goadby, William to read onlineMoreLess
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