is bound to consider them and to show how far our economic life has affected us in these ways.

In selecting and arranging these extracts, all three of these matters have been kept in mind, and the aim has been to present such material bearing upon them as exists.

GUY STEVENS CALLENDER

SHEFFIELD, MASSACHUSETTS

CONTENTS

CHAPTER I

THE UNITED STATES IN THE ECONOMIC HISTORY OF THE WORLD

Chevalier, Society, Manners and Politics in the United States [1836]

Dunbar, "Economic Science in America, 1776-1876," North Ameri-

can Review, January, 1876. .

CHAPTER II

COLONIAL ECONOMY

9

12

12

16

20

22

INTRODUCTION BY THE EDITOR

I. POPULATION, PRODUCTS AND TRADE.

A. General Account.

Macpherson, Annals of Commerce

B. New England.

Burke, European Settlements in America [1761]

Burnaby, Travels through the Middle Settlements in North Amer-

ica [1759-1760]

C. Middle Colonies.

Kalm, Travels into North America [1749] .

D. Southern Colonies.

Burnaby, Travels through the Middle Settlements in North Amer-

ica [1759-1760] .

American Husbandry [1775]

II. MANUFACTURES.

Report of the Lords Commissioners of Trade and Plantations to the

House of Commons [1731-1732] .

Burnaby, Travels through the Middle Settlements in North America

[1759-1760] ...

Franklin, Canadian Pamphlet [1760]

Eddis, Letters from America [1769-1777]

American Husbandry [1775] . .

III. IMMIGRATION AND THE SUPPLY OF LABORERS.

Burke, European Settlements in America [1761]

Eddis, Letters from America [1769-1777]

American Husbandry [1775] . .

PAGE

IV. THE TRADE TO THE WEST INDIES AND THE MEDITERRANEAN.

An Essay on the Trade of the Northern Colonies of Great Britain in

North America [1764]

51

Edwards, History, Civil and Commercial, of the British Colonies in

the West Indies [1793] . . .

Remonstrance of the Colony of Rhode Island to the Lords Commis-

sioners of Trade and Plantations [1764] .

V. CURRENCY.

Hildreth, History of the United States of America

Pownall, The Administration of the Colonies [1764]

Dickinson, The Late Regulations Respecting the British Colonies,

Considered [1765] . .

VI. MISCELLANEOUS FEATURES OF ECONOMIC LIFE.

American Husbandry [1775] . .

Franklin, Observations concerning the Increase of Mankind and the

Peopling of Countries [1755]

Kalm, Travels into North America [1749]

VII. IMPORTANCE OF WEST INDIAN COLONIES TO EUROPEAN NATIONS.

Raynal, A Philosophical and Political History of the Settlements and

Trade of the Europeans in the East and West Indies [1783] . .

Edwards, History, Civil and Commercial, of the British Colonies in

the West Indies [1793] . . .

Campbell, Considerations on the Nature of the Sugar Trade [1763] .

Long, The History of Jamaica [1774]

Franklin, Canadian Pamphlet [1760] .

Bernard, Select Letters on the Trade and Government of America

III. MODERN VIEWS.

PAGE

Seeley, Expansion of England

113

Ashley, Commercial Legislation of England and the American Colo-

Anderson, An Historical and Chronological Deduction of the Ori-

gin of Commerce

125

Dickinson, The Late Regulations Respecting the British Colonies,

Considered [1765] .

130

Bernard, Select Letters on the Trade and Government of America

[1764].

133

Petition of [Massachusetts] Council and House of Representatives

to the Honorable House of Commons, November 3, 1764 . . 135

B. Social Conditions Unfavorable to Taxation.

Sumner, The Financier and the Finances of the American Revolution

C. Partial Spirit of Colonial Policy revealed by Controversy.

Franklin, Causes of the American Discontent before 1768

II. RESOURCES FOR CARRYING ON THE Struggle.

A. The Issue of Paper Money.

Franklin, The Paper Money of the United States

B. Commerce as a Political Influence - the Non-Importation Associa-
tions.

137

140

Sumner, The Financier and the Finances of the American Revolution

Wealth of Nations [1776] . .

143

144

145

Register, 1768

148

151

Petitions in Parliament against the American Stamp Act, 1766

Non-Importation Agreements of Boston and New York, Annual

The Association of the Continental Congress, 1774

Petitions of the Merchants of London and Bristol for Reconcilia-

tion with America, January 23, 1775 .

. . 155

Petition of the West India Planters to the Commons respecting

the American Non-Importation Agreement, February 2, 1775 . 157

C. Commerce as a Military Resource-

Autobiography of John Adams

1555

The French Alliance.

Appointment of the Committee of Secret Correspondence

Letter of Franklin to Dumas, December 19, 1775

163

163

Letter of Franklin et al., Committee of Secret Correspondence, to

Silas Deane, March 3, 1776 . . .

164

Letter of Robert Morris to the Commissioners at Paris, December

21, 1776.

165

PAGE

Letter from Franklin, Deane, and Arthur Lee to Vergennes, Paris,

December 23, 1776

166

167

Letter from Franklin, Deane, and Lee to Vergennes, Paris, Janu-

ary 5, 1777.

III. RESULTS OF THE WAR.

A. Changes in American Society.

Ramsay, The History of the American Revolution [1789] .

Dwight, Travels in New England and New York [1796–1815]

B. Influence upon Europe.

Letter from Franklin and Deane to Committee of Secret Corre-

spondence, Paris, March 12, 1777. . .

168

172

174

Price, Observations on the Importance of the American Revolution

[1785]

175

176

Letter of Turgot to Dr. Price, March 22, 1778

Brissot de Warville, The Commerce of America with Europe [1788] 176

Seeley, The Expansion of England

CHAPTER V

THE ECONOMIC SITUATION AND THE NEW GOVERNMENT

INTRODUCTION BY THE EDITOR

I. GENERAL CONDITIONS-ECONOMIC DEPRESSION OF THE COUNTRY.

Hildreth, History of the United States of America

Madison's Letters to Jefferson and R. H. Lee, 1785-1786

Letter of John Adams to the Marquis of Carmarthen, July 29, 1785

The Federalist [1788], No. XV

II. STRUGGLE WITH THE MERCANTILE SYSTEM OF EUROPE.

A. The Policy of securing Commercial Treaties.

Letters of John Adams to Livingston, Paris, July 14, 1783.

Instructions to the Ministers Plenipotentiary appointed to negotiate

Treaties of Commerce with the European Nations, May 7, 1784

Letters of Thomas Jefferson to James Monroe, 1785.

B. Relations with France.

Conference of Jefferson with the Count de Vergennes on the Sub-

ject of the Commerce of the United States with France, 1785. 202

Pitkin, A Statistical View of the Commerce of the United States

of America.

207

C. Relations with England.

Pitkin, A Statistical View of the Commerce of the United States

of America

208

Sheffield, Observations on the Commerce of the American States

[1783], The British View

210

Letters of John Adams to Jay, 1785, The American View

214

III. COMMERCIAL AND FINANCIAL REASONS FOR A MORE PERFECT UNION.

Tench Coxe, An Enquiry into the Principles on which a Commercial

System for the United States of America should be founded [1787] 221

The Federalist [1788], Nos. IV, XI, XII . .

223