The English And The French, Especially, Became Their Great Rivals; First, By Conducting Themselves Each Their Own Trade, Which Had Been Previously Carried On By The Dutch, And, Subsequently, By The Possessions They Acquired In The East.

The American war, and soon afterwards the possession of Holland by the French during the revolutionary war, gave a fatal blow to the remnant of their commerce, from which it has not recovered, nor is likely at any time to recover, at least nearly to its former flourishing state.

For, as we have remarked, the Dutch were flourishing and rich, principally because other nations were ignorant, enslaved, and destitute of industry, skill, and capital.

England took the place of the Dutch in the scale of commercial enterprise and success: the contest between them was long and arduous; but at length England attained a decided and permanent superiority. She gradually extended her possessions in the East; and after expelling the French from this part of the world, became in reality the only European sovereign power there.

The manufactures of England, those real and abundant causes and sources of her immense commerce, did not begin to assume that importance and extent to which they have at present reached, till the middle, or rather the latter part of the eighteenth century; then her potteries, her hardware, her woollens, and above all her cotton goods, began to improve. Certainly the steam engine is the grand cause to which England's wealth and commerce may be attributed in a great degree; but the perfection to which it has been brought, the multifarious uses to which it is applied, both presuppose skill, capital, and industry, without which the mere possession of such an engine would have been of little avail.

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