Reasons Offered Against Encouraging Making Iron in America, c. 1750
- It was never thought that it’d be in the interest of England to encourage the colonies to manufacture anything that was already being produced in England. That manufacture in England supports over 200000 people in the Midlands, the North & Wales. Take away their industry, the whole place suffers
- To encourage colonies like Virginia to start mining for Iron would dump a massive quantity of iron onto the market, on top of its tobacco. This would mean that the number of ships meant to transport tobacco would now be carrying a certain amount of iron. More iron in the market would require a larger fleet to carry it from Virginia instead of Sweden, probably causing a war with them
- The iron in Virginia & England is not as good as Swedish iron for making steel.
- There are coal mines in New England & the Blacksmiths there can buy coal as cheaply as those in London can.
- To encourage Iron production in the colonies will encourage them to use their own iron first & then think about importing exterior iron to make up for the unfulfilled demand or exporting the iron that goes beyond local demand
- Either consequence will cause the producers of iron in England to starve.
- American producers have a £5 per ton advantage over English producers
- When trade with Sweden was open, the Swedish sent us £40000 of iron. That was replaced by English production & we now have to face competition with America instead of Sweden