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  • Cited by 3
  • Cited by
    This chapter has been cited by the following publications. This list is generated based on data provided by CrossRef.

    Conti, Thomas Victor 2018. Mercantilism: a materialist approach. Scandinavian Economic History Review, Vol. 66, Issue. 2, p. 186.

    Clark, Gregory O'Rourke, Kevin Hjortshøj and Taylor, Alan M. 2014. The growing dependence of Britain on trade during the Industrial Revolution. Scandinavian Economic History Review, Vol. 62, Issue. 2, p. 109.

    Rooth, Tim 2006. Revisiting the mature economy: Britain, 1860–1939. Business History, Vol. 48, Issue. 1, p. 119.

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  • Print publication year: 2004
  • Online publication date: March 2008

Chapter7 - Trade: discovery, mercantilism and technology

Summary
Britain's early modern economic growth intertwined with an international economy that was undergoing epochal change. European discovery of America had extraordinary repercussions on world trade. In the middle of the nineteenth century the politics of trade shifted as Britain led the dismantling of the restrictions of eighteenth-century mercantilism. The repeal of the corn laws in 1846 was the great symbol. Britain's political consensus shifted radically from supporting a trade policy of protecting vital interests, particularly the landed interest and those of East and West Indian traders, to a commitment to free trade. The ratio of trade to national income continued to grow in the nineteenth century, although somewhat surprisingly it hardly increased during the industrial revolution itself, when British cotton textiles firms quickly found large overseas markets for products of their improved technology, but did so at sharply lower prices.
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The Cambridge Economic History of Modern Britain
  • Online ISBN: 9781139053853
  • Book DOI: https://doi.org/10.1017/CHOL9780521820363
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