Industrial Organization in the Sixteenth And Seventeenth Centuries

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Briefly stated, the result which these three developments combined to produce was that the town draper was driven by the competition of larger mercantile capital operating from a distance to fell back upon the protection afforded by local privilege, and to seek, in conjunction with the finishing crafts, to reinstate the town as the regulative centre of the industry.
Before turning to follow the course of this development in the history of the chief manufacturing towns of England, it is worthy o
...f notice that the fustian trade of Ulm, the last continental parallel referred to, furnishes in its sub- sequent history a complete illustration of the same changes.
Soon after the settlement of the dispute between the merchants and the weavers, the Fugger family, who were the great international capitalists of the period, contrived through the exercise of influence in high places to with- draw some of the territory round Ulm fi-om the control of that city. The country weavers, thus placed on an in- dependent footing, were then employed in supplying a large export trade carried on by the Fuggers in competition with the traders of Ulm and other cities.


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