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advancing agriculture amount association average bank become capital cause cent centralization circulation civilization cloth combination commerce commodities condition consequence consumed consumption continued corn cotton cultivation decline demand diminishing direction earth effect employed employment enabled England equal established Europe everywhere exchange existence export extent fact farmer force foreign France furnished Germany give given gold greater growing growth half hand hundred import improvement increase interest iron Italy labor land latter less looks machinery manufactures means metals millions nature nearly necessity obtain period persons population portion pounds present profit progress proportion protection purchase quantity rapid raw materials result says seen sell shown society soil steadily supply tends things thousand tion trade transportation United various waste wealth whole wool
Էջ 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.
Էջ 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.
Էջ 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.
Էջ 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.
Էջ 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.
Էջ 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...
Էջ 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.
Էջ 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.