A Treatise on the Wealth, Power and Resources of the British Empire in Every Quarter of the World, Including the East-Indies Volume 1; The Rise and (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1814 Excerpt: ...ship-owners for transports, manufacturers, and agriculturists, and others, who provided clothing. arms, accoutrements, horses, provisions, and other articles required to carry on the war. The money paid to the army and navy, expended in this country, did not impair the national resources, except in so far as the unproductive labour of the people employed in war tended to the extent of their number to diminish the property of the nation to the value of their labour had they been employed in their former usual occupations. But it should seem from the results, which have been explained, respecting the un questionable increase of the property of the country beyond what could be expected, or had ever taken place during a period of peace, that the losses sustained by the foreign expenditure, and the labour of the people, have been greatly counterbalanced by the increased circulation of active capital, joined to the monopoly 'of the trade of the world, which, during the chief part of the war, was enjoyed by this country in consequence of its great naval superiority. '-The specie, however, which has gone to foreign countries, like that sent to America during the Transatlantic Wat', will return again to the United Kingdom, as the price of manufactures exported, which, from the present state of the Continent of Europe, may be expected to take place to a great extent, and with infinite advantage to the nation. It has been already shewn, that the interest of the domestic public debt, instead of being a pressure upon the country, is the main spring by which its industry is stimulated and promoted. It is the seed sown to produce a bountiful harvest of newly created property every year. With regard to the dividends paid on the foreign debt, provision is made f...