In the astonishing revolution which it wrought in the financial condition of the state, as well as in much of the social phenomena with which it was accompanied, this conflict strongly resembles that in which the States of the North are engaged against the South. The first effects of the war appeared in the tax system.
Great changes had taken place in Great Britain since the time of the introduction of a regular system of taxation in 1688. Land was no longer the most important source of income to the citizen. Profits from other sources had sprung up. Commerce had discovered the riches of the Eastern trade, and manufactures, stimulated by new inventions, had begun to assume an importance and exert an influence which already threatened to revolutionize the whole condition of society. Unconsciously to itself, the nation had reached a point where any large increase in the demands of the state must produce a new species of taxation.
