Publisher's Synopsis
Excerpt from History of the United States of America During the First Administration of James Madison, Vol. 2
Eldon, and convulsions that shook the world never stirred the composure of these men. The capital and credit on which England's power rested were swept away; the poorer classes were thrown out Of employ ment; the price' of wheat,1 which averaged in 1807 seventy-eight shillings per quarter of eight bushels, in 1808 eighty-five shillings, and in 1809 one hundred and six shillings, in 1810 rose to one hundred and twelve shillings, or about three dollars and a half a bushel, and remained at or above this rate until the autumn of 1813; while abroad, the Spanish peninsula was subdued by Napoleon, whose armies occupied every part of Spain and Portugal except Cadiz and Lisbon. Sweden, the last neutral in Europe, elected a French general of Bonaparte's family as king, and immedi ately afterward declared war on England; and the United States closed their ports to British com merce, and menaced a declaration of war. The ex ports of Great Britain fell off one third in the year 1811. The sources of England's strength showed stion.
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