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Updated: May 27, 2025
And not only must the American merchant sell as low as his American rivals, but he must also undersell the grain merchants of other grain-producing countries, such as Russia, Egypt, and India. And now let us see how much benefit the English people received from the cheap American grain. We will say that, owing to the foreign food supply, the cost of living declined one half or a third in England.
These manors began to play an important economic role, too: they were cultivated by tenants and produced fishes, vegetables, fruit and bamboo for the market, thus they gave more income than ordinary rice or wheat land. With the creation of manors the total amount of land under cultivation increased, though not the amount of grain-producing land.
Being in pecuniary difficulties, and consequently impatient to make money, the proprietors increased inordinately the area of grain-producing land at the expense of pasturage and forests, with the result that the live stock and the manuring of the land were diminished, the fertility of the soil impaired, and the necessary quantity of moisture in the atmosphere greatly lessened.
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