Also read Personal Finance Most Powerful Wealth consists in having abundance of whatever mankind want or desire; and if there were but one nation on earth, it might be wealthy; but it would, in that case, be impossible to measure its power. Wealth is, however, not altogether real; it is in a certain degree comparative, whereas power is altogether comparative. Till a nation has risen above its neighbours, and those to whom it compares itself, wealth and power act in the same direction; but, after it has got beyond that point, they begin to counteract each other. The Romans, for example, may very justly be called the most Powerful nation that ever existed, yet a single battalion of our present troops, well supported with artillery, would have probably destroyed the finest army they ever sent into the field. A single ship of the line would certainly have sunk, taken, or put to flight, all the fleets that Rome and Carthage ever sent to sea. The feeblest and least powerful of civilized nations, with the present means of fighting, and the knowledge of the present day, would defeat an ancient army of the most powerful description. Power then is entirely relative; and what is feebleness now, would, at a certain time, have been force or power. It is not altogether so with wealth, which consists in the abundance of what men desire. The Egyptians, Greeks, and Romans, had wealth; and this, though, perhaps, not consisting in the same objects, was, perhaps, not inferior to ours at the present time; but as wealth, purely and simply, no comparison between different nations was necessary, farther than that men's desires are augmented, by seeing the abundance possessed by others; and therefore they become comparative, as to wealth. Without, however, entering into a long examination respecting the various possible combinations of wealth and power, which are something similarly connected in states, as health and strength are in the animal body, let both be considered only in a comparative way; the comparison either being made with other nations at the same time, or with the same nation at different times. Thus, for example, in comparing the wealth and power of Britain now, with what they were at the latter end of Queen Elizabeth's reign, we find that the merchants of Liverpool, during the first three years of last war, fitted out a force of privateers equal to the Spanish armada; and consequently superior to the whole naval force of England at that time; there can be no doubt, then, that both the wealth and power of the nation are increased. Again, if we find that our ships block up the ports of Holland, and prevent their navy from venturing to sea, we must conclude, that the relative power of the two nations is altered, since the time that the Dutch fleet rode triumphant in the river Thames. But, if we want to make a comparison between the naval power of England and that of France and Spain, we must not compare it with the strength of their navies in the year 1780, when they bid us defiance at Plymouth, but take things actually as they are at this present time. When a nation is upon an equality with others, for wealth, it may be considered as neither deserving the name of a rich or a poor nation, whatever its real wealth or poverty may be. The same thing holds with power. When a nation is merely able to protect itself, but fully equal to that, though unable to make conquests, or aggrandize itself, against the will of other nations, it may be said to be neither weak nor strong. Thus, for example, Denmark as a nation is upon a par with others; and neither to be called wealthy and powerful, nor weak and poor, though it certainly has both more actual wealth and power than it had in the eighth century, when the Danes burnt London, Paris, and Cologne.