The decline of textile prices in England and British America prior to industrialization

Datos Bibliográficos

ID3479546
AutoresCarole Shammas (0000-0003-2950-8564, University of California, Riverside, autor de correspondencia)
Año1994
Volumen47
Número3
Páginas483
Fecha de publicación1994-08-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaThe Economic History Review (JOURNAL)
Identificadores de la revistaISSN: 0013-0117 • E-ISSN: 1468-0289
EditorialJSTOR (PUBLISHER)
DOI10.2307/2597590
OpenAlexW4249436409
IdiomaEN
Citas recibidas25
Referencias citadas12

D espite high inflation, English textile prices did not rise, and in some cases fell substantially between the second half of the sixteenth and the early eighteenth century. We usually associate such drops in textile prices with mechanization and the factory system of the late eighteenth and nineteenth centuries, not with the rural industries of the early modern period. Textile prices in the I3 colonies fell even more substantially between the later seventeenth and the later eighteenth century. The issue of price is important for a number of reasons, not the least being its impact upon material well-being. Lower prices for a particular good usually render it more affordable for consumers. On the other hand, a lower priced commodity can mean a poorer standard of living for the producers, if their income remains constant or falls, while the costs of other goods rise. Because textile workers represented a sizeable proportion of the manufacturing population during the early modern period, the impact of changing prices on their welfare must be considered

Agricultural economics · Archaeology · Economics · Geography · Industrialisation · Market economy · New england · Textile · Historical Economic and Social Studies

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