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Commercial Crises of the Nineteenth Century |
H.M. Hyndman
Routledge
Commercial Crises of the Nineteenth Century
the seaports
Authors

H.M. Hyndman

ARI Id

1666230501331_15142231

Access

Not Available Free

Pages

54-59

DOI

10.4324/9781315019246-28

Table of Contents of Book
Showing 1 to 20 of 58 entries
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INTRODUCTION. Tm causes and effects of industrial crises must be of their industrial, commercial, and financial at the very moment when the great of those who are directly engaged of the greatest apparent prosperity, of wages-at that of commodities or is now commonly the case, a
H.M. Hyndman
15-15
whole group of nations, finds itself in the mtdst of a dangerous crisis, without knowing the why of the crash. at different times; and some of the dis- or temporary effects. As science advances or that within a conceivable period our descen- be met
H.M. Hyndman
16-16
by freely using the surplus of one country, or one of scarcity were prepared for of their annual of what is now known as of the of greatest
H.M. Hyndman
17-17
times when there is a complete glut of the com- of the middle-classes due xtension of their political power was of the local into of Industry, " puts the matter
H.M. Hyndman
18-19
him, use, or for the direct use of others in their locality, of turning out commodities or of use in the social conditions of the of the wealth-creating machine. of labour came in, of no use to them for the of others at a distance, the limit&l; J of whose of a social function, to of the process as we of life or subsistence in their trade; which wages of the
H.M. Hyndman
20-20
or employer, he has still retained the of his profits namely. Thus we have here a dis- of our modern system of wealth-creation, of the of thought in regard to political economy to-day of wages. is precisely this original antagonism at the present time. of those modern crises arising from
H.M. Hyndman
21-21
superfluity and glut, followed by the discharge of work-people and the general distress, which of crises has beer. confi-
H.M. Hyndman
22-23
in the Zoological Gardens; and that the genius before whose shrine our Professors 0f Politi-of blunders. of crises yet of the symptoms which pre- of the public in accepting unsound of luxury; the rise of of wages, etc. , etc. -all these are pre- of an industrial crisis, but they cannot be of the antagonism between that social of production and individual form of ap- of the middle ages. or influence either the or the disposal of the commodities. From
H.M. Hyndman
24-25
appears in the bankruptcy court, and the fury of competition rages on as before over his business remains. But this cannot go on permanently. Though the markets are larger than ever they were, and the cheapening of goods perpetually going of production in other countries,
H.M. Hyndman
26-26
at last. Consequent! y, the capitalist system been pushed too far. There a rush to dis-count bills and to obtain advances on securit. ics, or to sell out and out for cash at reduced prices.
H.M. Hyndman
27-27
of work, goods unsaleable, and at intervals at the expense of the workers: and in due course, after a period of stagnation and of the manufactured would be
H.M. Hyndman
28-28
modified and partially transformed. How the of the economic and class anta-
H.M. Hyndman
29-33
at the time, and it was hasl. ily
H.M. Hyndman
34-34
it so plenti-
H.M. Hyndman
35-35
st anxious to obtain some of their superabundant
H.M. Hyndman
36-37
CHAPTER
H.M. Hyndman
38-39
that the savings of the middle-class, in
H.M. Hyndman
40-41
and all, were drawn into the throng.
H.M. Hyndman
42-43
that the solid
H.M. Hyndman
44-45
Further advances were then sought
H.M. Hyndman
46-47
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