There was a time when this country had almost the monopoly in the cotton industries; but already in 1880 she possessed only 55 per cent. of all the spindles at work in Europe, the United States and India (40,000,000 out of 72,000,000), and a little more than one-half of the looms (550,000 out of 972,000). In 1893 the proportion was further reduced to 49 per cent. of the spindles (45,300,000 out of 91,340,000), and now the United Kingdom has only 41 per cent. of all the spindles.32 It was thus losing ground while the others were winning. And the fact is quite natural: it might have been foreseen. There is no reason why Britain should always be the great cotton manufactory of the world, when raw cotton has to be imported into this country as elsewhere. It was quite natural that France, Germany, Italy, Russia, India, Japan, the United States, and even Mexico and Brazil, should begin to spin their own yarns and to weave their own cotton stuffs. But the appearance of the cotton industry in a country, or, in fact, of any textile industry, unavoidably becomes the starting-point for the growth of a series of other industries; chemical and mechanical works, metallurgy and mining feel at once the impetus given by a new want. The whole of the home industries, as also technical education altogether, must improve in order to satisfy that want as soon as it has been felt.
What has happened with regard to cottons is going on also with regard to other industries. Great Britain, which stood in 1880 at the head of the list of countries producing pig-iron, came in 1904 the third in the same list, which was headed by the United States and Germany; while Russia, which occupied the seventh place in 1880, comes now fourth, after Great Britain.33 Britain and Belgium have no longer the monopoly of the woollen trade. Immense factories at Verviers are silent; the Belgian weavers are misery-stricken, while Germany yearly increases her production of woollens, and exports nine times more woollens than Belgium. Austria has her own woollens and exports them, Riga, Lodz, and Moscow supply Russia with fine woollen cloths; and the growth of the woollen industry in each of the last-named countries calls into existence hundreds of connected trades.