The History of British Commerce and of the Economic Progress of the British Nation, 1763 - 1878

"WHILST the Italians were vigorously pursuing their trade in India and Europe, and Spain was renowned for her manufactures; whilst the Hanse merchants were extending their factories, and Portuguese navigators were bent upon maritime discoveries; whilst the Dutch were struggling for independence, and France was planting the seeds of her industries; England was only known as possessing a few articles of commerce of great value."