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Sign up freeThe Morning Star
Providence, Providence County, Rhode Island
What is this article about?
The London Times attributes depression in England's cotton trade largely to the superiority of American manufacturers, foreseeing loss of England's supremacy, exodus of skilled labor similar to those from Ireland and Germany, and national decadence due to aristocracy's resistance to change.
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Where did it happen?
Foreign News Details
Primary Location
England
Outcome
loss of england's supremacy in cotton trade; potential exodus of skilled labor; national decadence
Event Details
The London Times declares that the depression in England's cotton trade is owing to the superiority of American manufacturers. This admission implies loss of England's supremacy, followed by exodus of skilled labor to flourishing manufacturing points, similar to migrations from Ireland and Germany. England's future is clouded by aristocracy's slow adaptation, leading to decadence.