Publisher's Synopsis
Excerpt from The Social Aspect of Trade Depression
Now England, by which is meant the whole United Kingdom, is just in that position. For a long series of years she fed, herself, and obtained the other supplies she needed by exchanging her products for those of other nations; and, owing to her capital and power, obtained them on advantageous terms. Then, though from the growth of her population and the increase of individual consumption she became dependent upon other lands for her necessary supplies of food and other articles, she was still independent and prosperous, because those lands required and obtained from her the products they took in exchange for the supplies they gave. Now, whether it be for a time only or in perpetuity, many of the products of our industry and skill have ceased to be convertible into those supplies; and-thus the balance has been destroyed. We are at the present consuming more of that which is really or con ventionally necessary for our subsistence than we are either directly or indirectly producing. Hence the rapid spread of adversity and the deepening cry of distress from all ranks and classes of society. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
