Lack of Investment Quotes
This was the classic weakness of colonies where the colonial power was only interested in importing a raw material—in this case, gold. Everything else tends to be ignored—even today. With independence, things often do not change and the export of raw material like oil, tin or lumber dominates the whole economy to the exclusion of the rest of the economy
After traveling thorugh Virginia which was then the wealthiest and most developed of the slave states, he wrote ...