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Updated: May 17, 2025
But for the moment we are concerned with but one aspect, namely, the export of capital from Ireland as a result of the Union, and the economic reactions of that process. Since we are to use moderation of speech and banish all rhetoric from these pages, one is at a loss to characterise Union arrangements and post-Union finance.
If the reader cares to push forward the line of thought suggested in the preceding pages and to submit it to a concrete test he can do so without difficulty. He has but to compare the post-Union history of linen with that of cotton. Linen in Ireland had been a perfect type of the State-created, spoon-fed industry characteristic of the period of mercantilism.
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