a good quarter of the whole economic power
of the nation. If we are to understand Mr. Belloc's view of the England
of the present day, it is essential that we should grasp clearly his
view of the Dissolution of the Monasteries, for from this operation, he
says, "the whole economic future of England was to flow."

Mr. Belloc analyses the effect of the Dissolution of the Monasteries
thus:

All over England men who already held in virtually absolute
property from one-quarter to one-third of the soil and the ploughs
and the barns of a village, became possessed in a very few years of
a further great section of the means of production which turned the
scale wholly in their favour. They added to that third a new and
extra fifth. They became at a blow the owners of _half_ the
land![17]

The effect of this increase in ownership was tremendous. The men of this
landowning class, says Mr. Belloc, "began to fill the universities, the
judiciary. The Crown less and less decided between great and small. More
and more the great could decide in their own favour."

The process was in full swing before Henry died, and because Henry had
failed to keep the wealth of the monasteries in the hands of the Crown,
as he undoubtedly intended to do, there existed in England, by about a
century after his death, a Crown which, instead of disposing of revenues
far greater than that of any subject, was dominated by a wealthy class.
"By 1630-40 the economic revolution was finally accomplished and the new
economic reality thrusting itself upon the old traditions of England was
a powerful oligarchy of large owners overshadowing an impoverished and
dwindled monarchy."

And this oligarchy, which was originally an oligarchy of birth as well
as wealth, but which rapidly became an oligarchy of wealth alone--Mr.
Belloc cites as an example the history of the family of Williams (alias
Cromwell)--not only so subjugated the power of the central government as
to reduce the king, after 1660, to the level of a salaried puppet, but
also, in course of time, ate up all the smaller owners until, by about
1700, "more than half of the English were dispossessed of capital and of
land. Not one man in two, even if you reckon the very small owners,
inhabited a house of which he was the secure possessor, or tilled land
from which he could not be turned off."

Such a proportion [continues Mr. Belloc] may seem to us to-day a
wonde