Note 118 — Chapter IV · ToC
Reading edition
Foreign competition with English textiles, though comparatively modern so far as the more highly developed machine-made fabrics is concerned, was keenly felt early in the century in hand-made goods. Schulze-Gaevernitz points out that the depression in work and wages of the hand-loom workers in 1820 was due more to foreign competition than to the new machinery. (Der Grossbetrieb, p. 41.)