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CHAPTER XVI

THE DECENTRALIZATION OF INDUSTRY


I

After the Napoleonic wars Britain all but succeeded in ruining the main industries which had sprung up in France at the end of the preceding century. She became also mistress of the seas and had no rivals of importance. She took in the situation, and knew how to turn its privileges and advantages to account. She established an industrial monopoly, and, imposing upon her neighbours her prices for the goods she alone could manufacture, accumulated riches upon riches.

But as the middle-class Revolution of the eighteenth century abolished serfdom and created a proletariat in France, industry, hampered for a time in its flight, soared again, and from the second half of the nineteenth century France ceased to be a tributary of England for manufactured goods. To-day she too has grown into a nation with an export trade. She sells far more than sixty million pounds' worth of manufactured goods, and two-thirds of these goods are fabrics. The number of Frenchmen working for export

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