Economy
Cambridgeshire is historically an agricultural county. The Domesday Survey mentions over 90 mills and numerous valuable fisheries, especially eel-fisheries, and contains frequent references to wheat, malt and honey. The county had a flourishing wool-industry in the 14th century, and became noted for its worsted cloths. The Black Death of 1349 and the ravages committed during the Wars of the Roses were followed by periods of severe depression, and in 1439 several Cambridgeshire towns obtained a remission of taxation on the plea of poverty. In the 16th century, barley for malt was grown in large quantities in the south, and the manufacture of willow baskets was carried on in the fen-districts. Saffron was extensively cultivated in the 18th century, and paper was manufactured near Sturbridge. Sturbridge fair was at this period reckoned the largest in Europe, the chief articles of merchandise being wool, hops and leather; and the Newmarket races and horse trade were already famous. Large waste areas were brought under cultivation in the 17th century through the drainage of the fen-district, which was brought to completion about 1652 through the labors of Cornelius Vermuyden, a Dutchman. The coprolite industry was very profitable for a short period from 1850 to 1880, and its decline was accompanied by a general industrial and agricultural depression.
Read more about this topic: History Of Cambridgeshire
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)