Published online by Cambridge University Press: 28 March 2008
In 1714 some six million people lived in England and Wales and though this fact was unknown to contemporaries their number was increasing more rapidly than in any previous period. More than half the people and considerably more than half their wealth were found south of a line from Worcester to the Wash and almost one-quarter probably lived in London and the adjacent counties. According to the predilections of the observer England might be viewed as a rural paradise disfigured by a rank growth at the centre or as a small world of wit and wisdom surrounded by rural barbarism. Bristol and Norwich might boast commercial institutions which rivalled those of London, but financial control was passing to the metropolis, and one had to go north of the border to find at Edinburgh a culture comparable to that of London. Moreover, London was not only the national capital but also the metropolis of an imperial domain of islands, trading posts and coastal settlements scattered over the face of the world. The interests of her merchants ranged from the fur of the North American wilderness to the tea of Canton, from slaves, sugar and spices to textiles, hardware and nails. London merchants, together with those of Bristol and the lesser trading ports, were concerned with the export of British manufactures, with the import of many luxuries and some necessities, and with a world-wide carrying trade; but the greatest single source of wealth was the re-export of colonial and Indian goods to Europe.
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