Note 151 — Chapter II · : ADAM SMITH

See Mantoux’ work, La Révolution industrielle au XVIIIe Siècle, p. 75 (Paris, 1905). “We are mistaken,” says he, “if we think that manufacture was the dominant feature of the period preceding the factory system. Logically it may be the necessary antecedent, but historically its claim to priority is weak, although it left its indelible marks upon industry. The appearance of industry at the time of the Renaissance is an event of the greatest importance and significance, but it only played a part of secondary importance for a century or two.”