By Immanuel Maurice Wallerstein
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Additional resources for The Modern World System III: The Second Era of Great Expansion of the Capitalist World-Economy, 1730s-1840s (Studies in Social Discontinuity)
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R'T'1 --.. --_.. N ------~ T he Treaty of Paris in 1763 placed Great Britain in an advantageous position to accomplish what it had been seeking to do for a century already-outdistance France decisively at all levels, economically, icaHy, and militarily. I It was not, however, until 1815 that this task was accomplished, and it was not easy. This third and last phase of the continuous and open struggle between the two claimants to hegemony occurred under circumstances of a renewed expansion of the capitalist world-economy, itself the result of the restruc turing of this world-economy during the.
However,J Britain's colonial and maritime predominance over France. was [notJ as vet beyond challenge" (Anderson, 1965. 252). in Plumb (1956, 104); see also Barr (1949, 195). If one wonders how it was possible that Pitt's views and those of the City merchants did not prevail, one must remember that there were other interests at play. J. R. Jones (1980. " 72 The Modern World-System III Those who concentrated their attention on the appropriate role of the state in the competitive struggles within thecapitaJist world-economy seemed as frustrated in Britain at this point as they proved to be shortlv in France: All seemed within their grasp, but they failed, because they lacked pOlItIcal power.
59 2: Stmggle in the Core-Phase Ill: 1763-1815 inclined to fall back on this kind of "tempting" explanation, as Vilar calls it. "g This is, of course, absolutely correct, but had the "social arena" changed so much from the previous century that it had created a different economic profile from that of earlier times? One of the issues that gets lost in this discussion of the c1'ises d'Ancien Regime is one to which, nonetheless, Labrousse himself drew attention and in particular on. While short-term price rises had convulsive were associated with reduced production, long-term price rises had the opposite significance, "the same signitkance as today,,,IO for they led to long-term increases in production.