""The Heart of the Declaration" " Topic
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Tango01 | 01 Nov 2016 9:29 p.m. PST |
"…Patriots on both sides of the Atlantic advanced a very different kind of economic analysis. Patriots gave voice to and elaborated the same political economic arguments they had been advancing since the 1730s. Where the ministerialists insisted that the value of colonies lay in production, the Patriots emphasized the centrality of colonial consumption. They readily accepted responsibility for paying down a share of the British debt. "The question is not whether the Americans shall contribute but how they shall contribute," was how the Virginian Arthur Lee put it in 1776. The Patriots argued that Americans made significant and growing contributions to British state revenue, but they did so indirectly. "The advantages derived from America in the circle of commerce are not so evident to a vulgar understanding, as so much palpable cash paid into the exchequer" the Patriot former governor of West Florida George Johnstone had condescended to explain to his fellows in the House of Commons in 1775…"
From here link Amicalement Armand |
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