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abroad Adam Smith agriculture amount average bar iron become Britain bushels capital cent circulation civilization cloth Colbert consequence constant increase consumed consumption corn corvee cotton crop cultivation decline demand Denmark diminished diminution direction distant earth effect employed employment enabled England Europe everywhere exchange existence export fact farm farmer finished commodities flax flour force foreign France furnished Germany gold greater growing hectolitre improvement India Ireland iron land and labor latter less looks Louis XIV machinery manufactures millions necessity obtain peasants period planter population Portugal pounds power of association precious metals profit proportion proprietors protection purchase quantity rapid raw materials raw products reader result roubles Russia seen sell slave slavery society soil steadily sumer supply tariff of 1842 tax of transportation tendency tends tion trade Turkey wages waste wealth wheat whole wool
Page 182 - But, though it were true that the immediate and certain effect of regulations controlling the competition of foreign with domestic fabrics, was an increase of price, it is universally true that the contrary is the ultimate effect with every successful manufacture.
Page 446 - MONEY is not, properly speaking, one of the subjects of commerce, but only the instrument which men have agreed upon to facilitate the exchange of one commodity for another.
Page 454 - ... by the substitution of paper, the gold and silver necessary for circulation is reduced to, perhaps, a fifth part of the former quantity, if the value of only the greater part of the other four-fifths be added to the funds which are destined for the maintenance of industry, it must make a very considerable addition to the quantity of that industry, and, consequently, to the value of the annual produce of land and labour.
Page 84 - Amongst those who obtain the lower rates of wages, this meal generally consists of boiled potatoes. The mess of potatoes is put into one large dish ; melted lard and butter are poured upon them, and a few pieces of fried fat bacon are sometimes mingled with them, and but seldom a little meat.
Page 179 - ... to consult upon some local improvements ; or,, in another place, the laborers of a village quit their ploughs to deliberate upon the project of a road or a public school. Meetings are called for the sole purpose of declaring their disapprobation of the line of conduct pursued by the government ; while in other assemblies the citizens salute the authorities of the day as the fathers of their country.
Page 450 - I answer, that the effect, here supposed to flow from scarcity of money, really arises from the manners and customs of the people; and that we mistake, as is too usual, a collateral effect for a cause. The contradiction is only apparent; but it requires some thought and reflection to discover the principles, by which we can reconcile reason to experience. It seems a maxim almost self-evident, that the prices of...
Page 458 - A country that has wherewithal to buy wine, will always get the wine which it has occasion for; and a country that has wherewithal to buy gold and silver, will never be in want of those metals.
Page 198 - Our wealthier planters, with greater means and no more skill, are buying out their poorer neighbors, extending their plantations, and adding to their slave force. The wealthy few, who are able to live on smaller profits, and to give their blasted fields some rest, are thus pushing off the many, who are merely independent. Of the twenty millions of dollars annually realized from the sales of the cotton crop of Alabama, nearly all not expended in supporting the producers is reinvested in land and negroes.