Book · An Inquiry into the Wealth of Nations
Page 652 of 2651
Author: Adam Smith
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The wool of Scotland fell very considerably in its price in
consequence of the union with England, by which it was excluded
from the great market of Europe, and confined to the narrow one
of Great Britain. The value of the greater part of the lands in
the southern counties of Scotland, which are chiefly a sheep
country, would have been very deeply affected by this event, had
not the rise in the price of butcher's meat fully compensated the
fall in the price of wool.
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