CHAPTER V THE GROWTH OF COMMERCE IN endeavouring to elucidate the ultimate causes of the reduction of the death rate we may perhaps roughly classify them under the heads 'increasing wealth' and ' increasing knowledge', though these two are obviously mutually inter- dependent. The main cause of the increasing wealth was undoubtedly the growth of commerce and, as far as this country was concerned, the growth of the commerce of London. It is significant that it was in London, where the wealth and commerce of the country were largely concentrated, that town improvement and the great hospital movement had their origin. The commerce of London re-acted upon agriculture, providing it both with a market and with capital, and thus it was an important factor in a remarkable increase in both the quality and the quantity of the food supply. The wealth of London encouraged improvement in industry and in medicine. But wealth and commerce alone could have achieved nothing if they had not been able to draw upon an ever growing stream of knowledge in every sphere, in science, in agriculture, in navi- gation, in industrial technique, in medicine. The growth of commerce itself had its origin in the great geographical discoveries of the 15th century, which also placed this country in a favourable position in regard to foreign trade. Up to the middle of the 16th century England was a poor and backward country, her finance and foreign commerce in the hands of foreigners, her natural resources largely undeveloped. The discovery of the New World and of the ocean routes to the East inevitably shifted the world's economic centre of gravity; the prosperity of the Mediterranean countries tended to decline and that of the Atlantic countries to rise. England shook off the foreign yoke and began to attempt long distance foreign trade and to be less dependent upon foreign finance. -47- |