It was said that at one time Great Britain clothed the world. In the 1880s, when the British textile industry was at its most prosperous to date, much of the world's population wore clothing made from fabric produced in the mills of Lancashire. From 1910 to 1913 alone, seven billion yards of cloth were folded, stamped, labeled, and baled. Most of this output was for export--with 40 percent of it shipped to India.
To differentiate...