Protection and Industry by unknow

Protection and Industry by unknow

Author:unknow
Language: eng
Format: epub
Tags: Political Science, General
ISBN: 9780429870187
Google: KXt_DwAAQBAJ
Publisher: Routledge
Published: 2018-12-14T12:55:58+00:00


VI

Shipping

BY WALTER RUNCIMAN, M.P.

THE great expansion of British shipping during the past forty or fifty years is due not entirely to physical conditions. Our Free Trade policy removed the obstacles to rapid growth, tended to develop efficiency, and has encouraged the most abundant exchange of commodities. Every word of that statement will be accepted by anyone who knows and understands the recent history and conditions of our shipping trade. Mark how the Board of Trade records the advance since 1850, and compare the figures with those for the oversea gross tonnage of the Protectionist United States of America:—

Year. Under Free Trade. British net tonnage. Under Protection. U.S. oversea gross tonnage.

1850 . . 3,565,133 . . 1,585,711

1860 . . 4,658,687 . . 2,546,237

1870 . . 5,690,789 . . 1,516,800

1880 . . 6,574,513 . . 1,532,810

1890 . . . 7,978,538 . . 946,695

1900 9,304,108 . . —

1901 . . 9,608,420 . . 889,129



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