The Copy Book

The ‘Empire’ of Free Trade

Free trade brings to smaller nations all the advantages of empire without the disadvantages.

1776

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The ‘Empire’ of Free Trade

© Chris, Geograph. Licence: CC-BY-SA 2.0. Source
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Ships at the Humber Sea Terminal near East Halton in North Lincolnshire. The terminal stands on the southern bank of the Humber estuary, just after it passes Hull (on the northern bank) on the way to the North Sea.

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© Chris, Geograph. Licence: CC-BY-SA 2.0.

Ships at the Humber Sea Terminal near East Halton in North Lincolnshire. The terminal stands on the southern bank of the Humber estuary, just after it passes Hull (on the northern bank) on the way to the North Sea.

Introduction

Adam Smith acknowledged that one advantage of empire was that goods and people could be readily moved internally, wherever they were needed. But he noted that you can get all that by each nation voluntarily adopting a policy of free trade.

WERE all nations to follow the liberal system of free exportation and free importation, the different states into which a great continent was divided would so far resemble the different provinces of a great empire.*

As among the different provinces of a great empire the freedom of the inland trade appears, both from reason and experience, not only the best palliative of a dearth, but the most effectual preventative of a famine; so would the freedom of the exportation and importation trade be among the different states into which a great continent was divided.

The larger the continent, the easier the communication through all the different parts of it, both by land and by water, the less would any one particular part of it ever be exposed to either of these calamities, the scarcity of any one country being more likely to be relieved by the plenty of some other.

From ‘An Inquiry into the Nature and Causes of the Wealth of Nations’ (1776), by Adam Smith (1723-1790).

This is one of the earliest occurrences of the word ‘liberal’ being used to mean ‘free from government interference’ rather than simply ‘generous, open-handed’.

Questions for Critics

1. What is the author aiming to achieve in writing this?

2. Note any words, devices or turns of phrase that strike you. How do they help the author communicate his ideas more effectively?

3. What impression does this passage make on you? How might you put that impression into words?

Based on The English Critic (1939) by NL Clay, drawing on The New Criticism: A Lecture Delivered at Columbia University, March 9, 1910, by J. E. Spingarn, Professor of Comparative Literature in Columbia University, USA.

Précis

Scottish economist Adam Smith argued in the late eighteenth century that the benefits of being part of a large Empire, and specifically, the easy transportation of goods to regions that cannot produce them for themselves, can actually be had just easily by small independent states so long as they pursue a policy of free trade. (55 / 60 words)

Scottish economist Adam Smith argued in the late eighteenth century that the benefits of being part of a large Empire, and specifically, the easy transportation of goods to regions that cannot produce them for themselves, can actually be had just easily by small independent states so long as they pursue a policy of free trade.

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Variations: 1.increase the length of this precis to exactly 60 words. 2.reduce the length of this precis to exactly 50 words. 3.introduce one of the following words into the precis: because, if, may, or, unless, whereas, whether, who.

Archive

Word Games

Spinners Find in Think and Speak

For each group of words, compose a sentence that uses all three. You can use any form of the word: for example, cat → cats, go → went, or quick → quickly, though neigh → neighbour is stretching it a bit.

This exercise uses words found in the accompanying passage.

1 Free. Likely. Province.

2 Effectual. Liberal. System.

3 But. Part. Some.

Variations: 1. include direct and indirect speech 2. include one or more of these words: although, because, despite, either/or, if, unless, until, when, whether, which, who 3. use negatives (not, isn’t, neither/nor, never, nobody etc.)

Homophones Find in Think and Speak

In each group below, you will find words that sound the same, but differ in spelling and also in meaning. Compose your own sentences to bring out the differences between them.

This exercise uses words found in the accompanying passage.

1. Wood. Would. 2. Frees. Freeze. 3. Some. Sum. 4. But. Butt. 5. Won. One. 6. Great. Grate. 7. Sew. So. 8. Knot. Not.

Adjectives Find in Think and Speak

For each word below, compose sentences to show that it may be used as an adjective. Adjectives provide extra information about a noun, e.g. a black cat, a round table, the early bird etc..

This exercise uses words found in the accompanying passage.

1 Good. 2 Better. 3 Inland. 4 Far. 5 Plentiful. 6 Best. 7 Least. 8 Continent. 9 Farther.

Variations: 1.show whether your adjective can also be used as e.g. a noun, verb or adverb. 2.show whether your adjective can be used in comparisons (e.g. good/better/best). 3.show whether your adjective can be used in attributive position (e.g. a dangerous corner) and also in predicate position (this corner is dangerous).

Add Vowels Find in Think and Speak

Make words by adding vowels to each group of consonants below. You may add as many vowels as you like before, between or after the consonants, but you may not add any consonants or change the order of those you have been given. See if you can beat our target of common words.

vns (8+1)

See Words

avenues. evens. ovens. vans. veins. venous. venues. vines.

vanes.

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