The History of England; a Study in Political Evolution
The History of England; a Study in Political Evolution
A F Albert Frederick Pollard
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But exports were more and more requiredto pay for the ever-increasing imports. It is impossible to statecategorically either that the imports provoked the exports or theexports the imports; for the supply creates the demand as much as thedemand creates the supply. There can have been no conscious demand fortobacco in England before any Englishman had smoked a pipe; and when anEnglish merchant in Elizabeth's reign took a thousand kerseys toBokhara, he did so without waiting for an order. Both ex...ports andimports, however, can only develop together; the dimensions to whichEnglish commerce had attained by Walpole's time involved exports aswell as imports; and the exports could not have been provided withoutdeveloping English industries. In particular, England had to export to the colonies because thecolonies had by the Navigation Acts to export to England; and Walpole'sabolition or reduction of duties on colonial produce illustrated andencouraged the growth of this trade. In return for colonial tobacco, rice, cotton, sugar, England sent chiefly woollen and afterwards cottonmanufactures.
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