The History of Commerce in Europe

Cover The History of Commerce in Europe
The History of Commerce in Europe
Gibbins, Henry De Beltgens, 1865-1907
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As it was, the contemporary evidence of the time goes to show that the Acts had by no means the stimulating influence on our trade that some authorities, including even Adam Smith, have ascribed to them. Roger Coke, in a Treatise on Trade (1671), declares they "have had a most injurious effect on our commerce, " and in particular our Eastland and Baltic trade had declined very considerably since their enactment. Even Sir Josiah Child, the eminent mercantile authority, said the same thing about ...the East- land trade in 1691, though he approved of the Acts as a whole. At any rate, it is very certain that they were the main cause of the Dutch wars with England in 1651-53 during the Commonwealth, and in the reign of Charles II. ; and whether the expense of these wars was worth our ultimate gain from them may very well be questioned. 130. The Protectionist Policy of England. However that may be, the Navigation Acts were a bold declaration of what afterwards became England's avowed commercial policy, the motto of which was : protection against foreign 142 COMMERCE IN EUROPE BOOK in competition.

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