Distressed Trade and Machinery Shifts in Early Markets
The speech outlines a sharp drop in tonnage and shipments from 1816 to 1840, blaming policy choices and import restrictions rather than war. It details Severe hardship among Yorkshire textile workers, especially in cloth dressers, with rising unemployment, low wages, and parish relief. It argues that export emphasis and mercantile policy harmed both import trade and domestic production, signaling a broader crisis beyond wartime transitions.