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The Economic Transition in India

1911

A modern town such as the bulk of the English people live in depends for its very existence from week to week upon a complicated series of distant exchanges ; and the characteristic of the modern structure of society is the intedependence of the different industrial units ; the characteristic of the archaic economy is the isolation and independence of the village which is the industrial unit [...] The Thames —for many generations the great highway of Southern England—was of course the foundtion of the commercial greatness of London ; but the Thames is only the greatest illustration of the excellence of the English rivers for purposes of inland-navigation ; they are all slow and all constantly supplied with water. [...] " Such were the travelling conditions of our ancestors until the Turnpike Acts effected a gradual and most favourable change not only in the state of the roads but in the whole appearance of the country by increasing the facility of communication and the transport of many weighty and bulky articles which before that period no effort could move from one part of the country to another. [...] After an account of the growth of canals the writer in the Quarterly adds :— " Yet these expensive establishments for facilitating the conveyance of the commercial manufacturing and agricultural products of the country excellent and useful as all must acknoledge them to be are now likely in their turn to give way to the invention of Railroads." The opportunity of travelling at the rate of [...] It was the terrible misery of the peasants as regards usury and the frightful and shameless ' action of the usurers that led Schulze Delitzsch and Raiffeisen to the idea of popular banks or credit unions the former in fact regarding the usury question as the most important of the then social problems.
commerce industry
Pages
257
Published in
United Kingdom
SARF Document ID
sarf.142268
Segment Pages Author Actions
Frontmatter
i-v Theodore Morison view
Chapter I Archaic Conditions of Industry
1-33 unknown view
Chapter II The Village
34-55 unknown view
Chapter III Competitive Rents
56-69 unknown view
Chapter IV Indebtedness
70-91 unknown view
Chapter V Famine
92-125 unknown view
Chapter VI The Weaver
126-152 unknown view
Chapter VII Industrial Transition
153-181 unknown view
Chapter VIII The “Drain”
182-216 unknown view
Chapter IX The “Drain”
217-242 unknown view
Index
243-251 unknown view
Backmatter
i-i unknown view

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