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Foreign News
July 3, 1793
Gazette Of The United States
New York, New York County, New York
What is this article about?
Letter from Manchester to Philadelphia reports extreme economic distress in England caused by war, including unprecedented money scarcity and destroyed trade confidence, leaving few mercantile houses solvent.
Clipping
OCR Quality
95%
Excellent
Full Text
An extract of a letter from Manchester, to a gentleman in Philadelphia, as published in Mr. Dunlap's paper of yesterday, says—"This [speaking of England] is undoubtedly the most wretched country in the universe; and from its situation when you left it, though but four months ago, you can form no idea of its present distresses. The war has caused so great a scarcity of money as was never before known, and has so completely destroyed that confidence which is the life and soul of trade, that there are but a very few mercantile houses in the kingdom capable of supporting their credit."
What sub-type of article is it?
Economic
War Report
What keywords are associated?
England Economic Distress
War Money Scarcity
Trade Confidence Destroyed
Mercantile Houses Credit
Where did it happen?
England
Foreign News Details
Primary Location
England
Outcome
scarcity of money; destroyed confidence in trade; few mercantile houses capable of supporting credit.
Event Details
England described as most wretched country due to war-induced distresses, with unprecedented money scarcity and collapsed trade confidence.