CONTENTS.

CHAPTKlt I. Pages

INTRODUCTION . I

CHAPTER II.

The Development of Centralisation in the English Cotton Trade ... Ill

I.—The Origin of the Factory System. I!l

II.—The Cotton Industry under the Influence of InternationalCompetition.

Ill

CHAPTER III.

The Present Position or the English Cotton Industry Compared with its Position in the “Thirties,” and the Present Position of the German Cotton Industry . 03

I.—Organisation and Division of Labour of the Industry. Go

II.—Replacement of Raw Materials and Labour by Capital. 80

A. — Spinning . 85

B. — Weaving .104

III.—Labour .110

A . —Further Proof's and Reasons for the Statement Advanced...WtS

B. —The Factory Labour of Lancashire 's Cotton Industry .130

IV.—Comparison between the Costs of Production in England and

Germany .117

CHAPTER IV.

The Influence of Centralised Industrial Development on the Division of the Nation’s Income. 104

1.—Generally .101

II.—Proofs from Lancashire . 173

Conclusion .205

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