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adily produced in one part of the world are exchanged for those most readily produced in another part. The great fertile plains of North America, South America, Australia, and Russia have become the world's producers of grain and provisions, and are increasing their supplies of the textiles and their supplies of the food-stuffs reoduces and exchanges. Finance and financiers have contributed enormously to the growth of the commerce of the century. The gold discoveries in California and Australia, and later in other parts of the world, have greatly increased the volume of the circulating medium and encouraged the creation of a single and well-defined stanother causes might be named as contributing largely to the wonderful increase in commerce during the century. The area under cultivation in Europe, America, and Australia is estimated to have increased from 360,000,000 to nearly 900,000,000 acres; the coal-mines have increased their output from 11,000,000 to 600,000,000 tons; pig-
carrying power come on land and sea, but with it increased speed and safety. A century ago the voyage to Europe occupied over a month, and was a cause for constant anxiety as to the life of those travelling and the cargo carried by the vessel; now it is a holiday excursion of five days, in which there is no more thought of danger than on the cycle-path or an elevated railway. News of the West India hurricane in 1818 reached the United States fully thirty days after its occurrence, while Havana is to-day less than forty-eight hours from New York. The first vessel from New York to China occupied fifteen months on its round trip, and a voyage to the Orient, before the introduction of steam, occupied from eight to twelve months for the round trip, while now it can be accomplished both ways in a little over one month. Not only have recent years brought increased speed and facility in the moving of commerce, but, with that, increased safety, thus reducing the danger of loss of both li
h creates the further necessity of making new estimates for the decennial periods based upon those actually made by experts at the years nearest to those dates. The estimates of population made during the century are those of Malte-Brun, Balbi, Michelet, Behm-Wagner, and Levasseur; and, accepting these authorities as presenting the best obtainable guide, and the estimates made by Kaier, Palgrave, Mulhall, and Keltie of the commerce by decades, it is practicable, at least, to approach the averag00,00025,160,0001,060,052,000 18985,900,000,000610,000,00037,150,0001,950,000,000 (a)Malte-Brun's estimate for 1804.(e)Levasseur's estimate for 1878. (b)Based on Balbi's estimate for 1828.(f)Royal Geographical Society estimate. (c)Based on Michelet's estimate for 1845.(g)Mulhall's estimates, except 1830, 1890, and 1898. (d)Based on Behm-Wagner estimate for 1874.(h)Saetbeer's estimates prior to 1860. To discuss the part which the various nations have had in this commerce, the relations
s the further necessity of making new estimates for the decennial periods based upon those actually made by experts at the years nearest to those dates. The estimates of population made during the century are those of Malte-Brun, Balbi, Michelet, Behm-Wagner, and Levasseur; and, accepting these authorities as presenting the best obtainable guide, and the estimates made by Kaier, Palgrave, Mulhall, and Keltie of the commerce by decades, it is practicable, at least, to approach the average commere-Brun's estimate for 1804.(e)Levasseur's estimate for 1878. (b)Based on Balbi's estimate for 1828.(f)Royal Geographical Society estimate. (c)Based on Michelet's estimate for 1845.(g)Mulhall's estimates, except 1830, 1890, and 1898. (d)Based on Behm-Wagner estimate for 1874.(h)Saetbeer's estimates prior to 1860. To discuss the part which the various nations have had in this commerce, the relations of imports to exports, or the classes of articles exchanged between the great sections of the
ally those made of population, do not in all cases fall upon the year ending a decade—a circumstance which creates the further necessity of making new estimates for the decennial periods based upon those actually made by experts at the years nearest to those dates. The estimates of population made during the century are those of Malte-Brun, Balbi, Michelet, Behm-Wagner, and Levasseur; and, accepting these authorities as presenting the best obtainable guide, and the estimates made by Kaier, Palgrave, Mulhall, and Keltie of the commerce by decades, it is practicable, at least, to approach the average commerce, Per capita, of the world at decennial periods during the century. This calculation gives the average per capita commerce, combining imports and exports to obtain the total commerce, at $2.31 per capita in 1800, $2.34 in 1830, $3.76 in 1850, $6.01 in 1860, $8.14 in 1870, $10.26 in 1880, $11.84 in 1890, and $13.27 in 1899. What has caused this wonderful increase in the world's i
eries in California and Australia, and later in other parts of the world, have greatly increased the volume of the circulating medium and encouraged the creation of a single and well-defined standard of value, so that the merchant may make his sales and purchases with an assurance that payments will be made in a measure of value acceptable to the whole world, and losses and uncertainty of traffic thus avoided. The supply of this precious metal has increased enormously during the century. Chevalier estimated that the amount of gold in Europe in 1492 was but $60,000,000. From that time to the beginning of the century, the average gold production was about $8,000,000 a year; from 1800 to 1850, about $15,000,000 a year; and, since that date, it has ranged steadily upward, until it has reached over $300,000,000 a year, thus multiplying many times the stock of the standard metal of the world. The result of this is that 95 per cent. of the commerce of the world is now carried on between n
ct. The interchange of commodities throughout the commercial world at the beginning of the century is estimated at $1,500,000,000 in value, and at the end of the century fully $20,000,000,000. Meantime, the population, which is estimated by Malte-Brun at 640,000,000 in 1804, is now estimated in round terms at about 1,500,000,000, the increase in population having thus been 135 per cent., while the increase in commerce has been 1,233 per cent. While these statements of the commerce of the earlrcumstance which creates the further necessity of making new estimates for the decennial periods based upon those actually made by experts at the years nearest to those dates. The estimates of population made during the century are those of Malte-Brun, Balbi, Michelet, Behm-Wagner, and Levasseur; and, accepting these authorities as presenting the best obtainable guide, and the estimates made by Kaier, Palgrave, Mulhall, and Keltie of the commerce by decades, it is practicable, at least, to appr
a in 1800, $2.34 in 1830, $3.76 in 1850, $6.01 in 1860, $8.14 in 1870, $10.26 in 1880, $11.84 in 1890, and $13.27 in 1899. What has caused this wonderful increase the railroads had increased to 139,860 miles and commerce to $10,663,000,000; by 1880, the railroads had increased to 224,900 miles and commerce to $14,761,000,000; b00; by 1870, steam tonnage was 3,040,000, and sail had dropped to 13,000,000; by 1880, steam had become 5,880,000, and sail 14,400,000; by 1890, steam had reached 9,04,026,000 tons in 1800, to 10,482,000 in 1840; 21,730,000 in 1860; 37,900,000 in 1880; 48,800,000 in 1890; and 63,225,000 in 1898-99, of which last enormous total butle by 1860 the total had reached nearly 100,000 miles, by 1870 280,000 miles, by 1880 440,000 miles, by 1890 768,000 miles, and by 1900 1,000,000 miles. Submarine cabe. By 1870 the submarine cables in operation amounted to about 15,000 miles, by 1880 to about 50,000 miles, by 1890 to 132,000 miles, and by 1898 to 170,000 miles, t
e slightest suspicion could be charged—practically suspended European commerce. In addition to this, the danger from pirates, which then constantly existed in certain parts of the ocean, was increased during war times. During the first fifteen years of the century, British, French, and finally all European vessels were practically prohibited from engaging in commerce by the Napoleonic wars, and the commerce of the world was largely thrown into the hands of our own shipping, until the War of 1812 and the events immediately preceding it. With the advance of the century, wars became less frequent, and of shorter duration when entered on; while piracy has been generally suppressed, international laws for the protection of shipping enacted, and regulations established for the protection of those engaging in commerce. Not only has the actual loss from these causes been materially reduced, but the increased safety and absence of danger from losses have encouraged the increase in shipping a
last enormous total but 11,450,000 was sailing tonnage. Not only has greater carrying power come on land and sea, but with it increased speed and safety. A century ago the voyage to Europe occupied over a month, and was a cause for constant anxiety as to the life of those travelling and the cargo carried by the vessel; now it is a holiday excursion of five days, in which there is no more thought of danger than on the cycle-path or an elevated railway. News of the West India hurricane in 1818 reached the United States fully thirty days after its occurrence, while Havana is to-day less than forty-eight hours from New York. The first vessel from New York to China occupied fifteen months on its round trip, and a voyage to the Orient, before the introduction of steam, occupied from eight to twelve months for the round trip, while now it can be accomplished both ways in a little over one month. Not only have recent years brought increased speed and facility in the moving of commerce,
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