An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith (ebook reader macos .TXT) π
The causes of this improvement in the productive powers of labour, and the order according to which its produce is naturally distributed among the different ranks and conditions of men in the society, make the subject of the first book of this Inquiry.
Whatever be the actual state of the skill, dexterity, and judgment, with which labour is applied in any nation, the abundance or scantiness of its annual supply must depend, during the continuance of that state, upon the proportion between the number of those who are annually employed in useful labour, and that of those who are not so employed. The number of us
Read free book Β«An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith (ebook reader macos .TXT) πΒ» - read online or download for free at americanlibrarybooks.com
- Author: Adam Smith
- Performer: 0226763749
Read book online Β«An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith (ebook reader macos .TXT) πΒ». Author - Adam Smith
elected its own magistrates, and made peace or war with its
neighbours, as an independent state, which had no occasion to
wait for the approbation or consent of the mother city. Nothing
can be more plain and distinct than the interest which directed
every such establishment.
Rome, like most of the other ancient republics, was originally
founded upon an agrarian law, which divided the public territory,
in a certain proportion, among the different citizens who
composed the state. The course of human affairs, by marriage, by
succession, and by alienation, necessarily deranged this original
division, and frequently threw the lands which had been allotted
for the maintenance of many different families, into the
possession of a single person. To remedy this disorder, for
such it was supposed to be, a law was made, restricting the
quantity of land which any citizen could possess to five hundred
jugera; about 350 English acres. This law, however, though we
read of its having been executed upon one or two occasions, was
either neglected or evaded, and the inequality of fortunes went
on continually increasing. The greater part of the citizens had
no land ; and without it the manners and customs of those times
rendered it difficult for a freeman to maintain his independency.
In the present times, though a poor man has no land of his own,
if he has a little stock, he may either farm the lands of
another, or he may carry on some little retail trade ; and if he
has no stock, he may find employment either as a country
labourer, or as an artificer. But among the ancient Romans, the
lands of the rich were all cultivated by slaves, who wrought
under an overseer, who was likewise a slave; so that a poor
freeman had little chance of being employed either as a farmer or
as a labourer. All trades and manufactures, too, even the retail
trade, were carried on by the slaves of the rich for the benefit
of their masters, whose wealth, authority, and protection, made
it difficult for a poor freeman to maintain the competition
against them. The citizens, therefore, who had no land, had
scarce any other means of subsistence but the bounties of the
candidates at the annual elections. The tribunes, when they had a
mind to animate the people against the rich and the great, put
them in mind of the ancient divisions of lands, and represented
that law which restricted this sort of private property as the
fundamental law of the republic. The people became clamorous to
get land, and the rich and the great, we may believe, were
perfectly determined not to give them any part of theirs. To
satisfy them in some measure, therefore, they frequently proposed
to send out a new colony. But conquering Rome was, even upon such
occasions, under no necessity of turning out her citizens to seek
their fortune, if one may so, through the wide world, without
knowing where they were to settle. She assigned them lands
generally in the conquered provinces of Italy, where, being
within the dominions of the republic, they could never form any
independent state, but were at best but a sort of corporation,
which, though it had the power of enacting bye-laws for its own
government, was at all times subject to the correction,
jurisdiction, and legislative authority of the mother city. The
sending out a colony of this kind not only gave some satisfaction
to the people, but often established a sort of garrison, too, in
a newly conquered province, of which the obedience might
otherwise have been doubtful. A Roman colony, therefore, whether
we consider the nature of the establishment itself, or the
motives for making it, was altogether different from a Greek one.
The words, accordingly, which in the original languages denote
those different establishments, have very different meanings. The
Latin word (colonia) signifies simply a plantation. The Greek
word (apoixia), on the contrary, signifies a separation of
dwelling, a departure from home, a going out of the house. But
though the Roman colonies were, in many respects, different from
the Greek ones, the interest which prompted to establish them was
equally plain and distinct. Both institutions derived their
origin, either from irresistible necessity, or from clear and
evident utility.
The establishment of the European colonies in America and the
West Indies arose from no necessity; and though the utility which
has resulted from them has been very great, it is not altogether
so clear and evident. It was not understood at their first
establishment, and was not the motive, either of that
establishment, or of the discoveries which gave occasion to it ;
and the nature, extent, and limits of that utility, are not,
perhaps, well understood at this day.
The Venetians, during the fourteenth and fifteenth centuries,
carried on a very advantageous commerce in spiceries and other
East India goods, which they distributed among the other nations
of Europe. They purchased them chiefly in Egypt, at that time
under the dominion of the Mamelukes, the enemies of the Turks, of
whom the Venetians were the enemies ; and this union of interest,
assisted by the money of Venice, formed such a connexion as gave
the Venetians almost a monopoly of the trade.
The great profits of the Venetians tempted the avidity of the
Portuguese. They had been endeavouring, during the course of the
fifteenth century, to find out by sea a way to the countries from
which the Moors brought them ivory and gold dust across the
desert. They discovered the Madeiras, the Canaries, the Azores,
the Cape de Verd islands, the coast of Guinea, that of Loango,
Congo, Angola, and Benguela, and, finally, the Cape of Good Hope.
They had long wished to share in the profitable traffic of the
Venetians, and this last discovery opened to them a probable
prospect of doing so. In 1497, Vasco de Gamo sailed from the port
of Lisbon with a fleet of four ships, and, after a navigation of
eleven months, arrived upon the coast of Indostan ; and thus
completed a course of discoveries which had been pursued with
great steadiness, and with very little interruption, for near a
century together.
Some years before this, while the expectations of Europe were in
suspense about the projects of the Portuguese, of which the
success appeared yet to be doubtful, a Genoese pilot formed the
yet more daring project of sailing to the East Indies by the
west. The situation of those countries was at that time very
imperfectly known in Europe. The few European travellers who had
been there, had magnified the distance, perhaps through
simplicity and ignorance ; what was really very great, appearing
almost infinite to those who could not measure it; or, perhaps,
in order to increase somewhat more the marvellous of their own
adventures in visiting regions so immensely remote from Europe.
The longer the way was by the east, Columbus very justly
concluded, the shorter it would be by the west. He proposed,
therefore, to take that way, as both the shortest and the surest,
and he had the good fortune to convince Isabella of Castile of
the probability of his project. He sailed from the port of Palos
in August 1492, near five years before the expedition of Vasco de
Gamo set out from Portugal; and, after a voyage of between two
and three months, discovered first some of the small Bahama or
Lucyan islands, and afterwards the great island of St. Domingo.
But the countries which Columbus discovered, either in this or in
any of his subsequent voyages, had no resemblance to those which
he had gone in quest of. Instead of the wealth, cultivation, and
populousness of China and Indostan, he found, in St. Domingo, and
in all the other parts of the new world which he ever visited,
nothing but a country quite covered with wood, uncultivated, and
inhabited only by some tribes of naked and miserable savages. He
was not very willing, however, to believe that they were not the
same with some of the countries described by Marco Polo, the
first European who had visited, or at least had left behind him
any description of China or the East Indies ; and a very slight
resemblance, such as that which he found between the name of
Cibao, a mountaim in St. Domingo, and that of Cipange, mentioned
by Marco Polo, was frequently sufficient to make him return to
this favourite prepossession, though contrary to the clearest
evidence. In his letters to Ferdinand and Isabella, he called the
countries which he had discovered the Indies. He entertained no
doubt but that they were the extremity of those which had been
described by Marco Polo, and that they were not very distant from
the Ganges, or from the countries which had been conquered by
Alexander. Even when at last convinced that they were different,
be still flattered himself that those rich countries were at no
great distance; and in a subsequent voyage, accordingly, went in
quest of them along the coast of Terra Firma, and towards the
Isthmus of Darien.
In consequence of this mistake of Columbus, the name of the
Indies has stuck to those unfortunate countries ever since; and
when it was at last clearly discovered that the new were
altogether different from the old Indies, the former were called
the West, in contradistinction to the latter, which were called
the East Indies.
It was of importance to Columbus, however, that the countries
which he had discovered, whatever they were, should be
represented to the court of Spain as of very great consequence ;
and, in what constitutes the real riches of every country, the
animal and vegetable productions of the soil, there was at that
time nothing which could well justify such a representation of
them.
The cori, something between a rat and a rabbit, and supposed by
Mr Buffon to be the same with the aperea of Brazil, was the
largest viviparous quadruped in St. Domingo. This species seems
never to have been very nurnerous; and the dogs and cats of the
Spaniards are said to have long ago almost entirely extirpated
it, as well as some other tribes of a still smaller size. These,
however, together with a pretty large lizard, called the ivana or
iguana, constituted the principal part of the animal food which
the land afforded.
The vegetable food of the inhabitants, though, from their want of
industry, not very abundant, was not altogether so scanty. It
consisted in Indian corn, yams, potatoes, bananas, etc., plants
which were then altogether unknown in Europe, and which have
never since been very much esteemed in it, or supposed to yield a
sustenance equal to what is drawn from the common sorts of grain
and pulse, which have been cultivated in this part of the world
time out of mind.
The cotton plant, indeed, afforded the material of a very
important manufacture, and was at that time, to Europeans,
undoubtedly the most valuable of all the vegetable productions of
those islands. But though, in the end of the fifteenth century,
the muslins and other cotton goods of the East Indies were much
esteemed in every part of Europe, the cotton manufacture itself
was not cultivated in any part of it. Even this production,
therefore, could not at that time appear in the eyes of Europeans
to be of very great consequence.
Finding nothing, either in the animals or vegetables of the newly
discovered countries which could justify a very advantageous
representation of them, Columbus turned his view towards their
minerals; and in the richness of their productions of this third
kingdom, he flattered himself he had found a full compensation
for the insignificancy of those of the other two. The little bits
of gold with which the inhabitants ornamented their dress, and
which, he
Comments (0)