The Evolution of Modern Capitalism: A Study of Machine Production. J. A. Hobson

The Evolution of Modern Capitalism: A Study of Machine Production - J. A. Hobson


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reached the vendors by slow and indirect channels of trade, passing for the most part through the metropolis.

      But while London was the one constant national market-place, national trade was largely assisted by fairs held for several weeks each year at Stourbridge, Winchester, and other convenient centres. At the most important of these the large merchants and manufacturers met their customers, and business was transacted between distant parts of the country, including all kinds of wares, English and foreign. Thus we had one constant and two or three intermittent avenues of free national trade. The great bulk of markets, however, were confined within far smaller areas.

      In the more highly developed and specialised textile trades certain regular market-places were established of wide local importance. The largest of these specialised district markets were at Leeds, Halifax, Norwich, and Exeter. Here the chief local manufacturers of cloth, worsted, or crape met the merchants and factors and disposed of their wares to these distributing middlemen.

      It was, however, in the general market-places of the county town or smaller centres of population that the mass of the business of exchange was transacted. There the mass of the small workers in agriculture and manufacture brought the product of their labour and sold it, buying what they needed for consumption and for the pursuance of their craft. Only in considerable towns were there to be found in the earlier eighteenth century any number of permanent shops where all sorts of wares could be bought at any time. The weekly market in the market-town was the chief medium of commerce for the great mass of the population.

      Regarding the general structure of Industry we see that not only are international bonds slight and unessential, but that within the nation the elements of national cohesion are feeble as compared with those which subsist now. We have a number of small local communities whose relations, though tolerably strong with other communities in their immediate neighbourhood, become greatly weakened by distance. For the most part these small communities are self-sufficing for work and life, producing most of their own necessaries, and only dependent on distant and unknown producers for their comforts and luxuries.

      Trade is for the most part conducted on a small steady local basis with known regular customers.

      § 9. Turning to the structure of the several industries we find that different employments are not sharply separated from one another. In the first place, agriculture and manufacture are not only carried on in the same locality but by the same people. This combined agriculture and manufacture took several forms.

      Not only were agriculture and many forms of manufacture conjoined, but the division of labour and differentiation of processes within the several industries was not very far advanced. The primitive tillage of the common-fields which still prevailed in the early eighteenth century, though the rapid enclosure of commons was effecting a considerable, and from the wealth-producing point of view, a very salutary change, did not favour the specialisation of land for pasture or for some particular grain crops. Each little hamlet was engaged in providing crops of hay, wheat, barley, oats, beans, and had to fulfil the other purposes required by a self-subsisting community. This partly arose from the necessity of the system of land tenure, partly from ignorance of how to take advantage of special qualities and positions of soil, and partly from the self-sufficiency improved by difficulties of conveyance. As the century advanced, the enclosure of commons, the increase of large farms, the application of new science and new capital led to a rapid differentiation in the use of land for agricultural purposes. But in the earlier part of the century there was little specialisation of land except in the West Riding and round the chief centres of the woollen trade, and to a less extent in the portions of the counties round London whose position forced them to specialise for some particular market of the metropolis.

      § 10. As the small agriculturist on a self-sufficing farm must perform many different processes, so the manufacturer was not narrowed down to a single process of manufacture. A large part of the ruder manufactures were home productions for home consumption, and the same hands tended the sheep which furnished the wool, and spun and wove the wool for family use. The smith was in a far fuller sense the maker of the horse-shoe or the nail or bolt than he is to-day; the wheelwright, the carpenter, and other handicraftsmen performed a far larger number of different processes than they do now. Moreover, each household, in addition to its principal employments of agriculture and manufacture, carried on many minor productive occupations, such as baking, brewing, butter-making, dressmaking, washing, which are now for the most part special and independent branches of employment.

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