Note 34 — IV. Trade and Commerce: the Period of Restrictions
Reading edition
”* * * All thrifty activity was regarded as despicable. No trader had a seat in the Cortes of Aragon. As late as 1781 the Academy of Madrid was obliged to offer as the subject for a prize essay the proposition that there was nothing derogatory in the useful arts. Every tradesman and manufacturer sought only to make enough money to enable him to live on the interest of it or to establish a trust fund for his family. If he was successful he either entered a cloister or went to another province in order to pass for a noble. In Cervantes we find the maxim: ‘Whoever wishes to make his fortune seeks the church, the sea (i. e., service in America), or the king’s house.’ The highest ambition of the nation in its golden age was to be to Europe just what the nobility, the clergy, and the army were to single nations. Consequently there was an enormous preponderance of personal service in the industrial organism, and much of this was purely for ostentation. Nowhere in the world were there so many nobles, so many officers, civil and military, so many lawyers and clerks, priests and monks, so many students and school-boys, with their servants. But as truly, nowhere in the world were there so many beggars and vagabonds.” (The Spanish Colonial System, by Wilhelm Roscher, pp. 3–4.)