A Short History of English AgricultureCurtler, W. H. R. (William Henry Ricketts)
History
A Short History of English Agriculture
Curtler, W. H. R. (William Henry Ricketts)
Agriculture -- England -- History
At the restoration of Charles II the corn laws had practically been
unaltered since 1571,[361] when it had been enacted that corn might be
exported from certain ports in certain ships at all times when
proclamation was not made to the contrary, on a payment of 12d. a
quarter on wheat and 8d. a quarter on other grain. Now both export and
import were subjected to heavy duties, but these caused such high
prices in corn that they were reduced in 1663; yet high duties were
again imposed in 1673, which continued until the revolution. Then,
owing to good crops and low prices, which brought distress on the
landed interest, a new policy was introduced: export duties were
abolished and the other extreme resorted to, viz. a bounty on export
of 5s. in the quarter as long as the home price did not exceed 48s. At
the same time import duties remained high, and this system lasted till
1773. Never had the corn-growers of England been so thoroughly
protected, yet, owing to causes over which the legislators had no
control, namely bountiful seasons, the prices of wheat for the next
seventy years was from 15 to 20 per cent. cheaper than in the previous
forty. Modern economists have described this system as one of the
worst instances of a class using their legislative power to subsidize
themselves at the expense of the community. As a matter of fact it was
the firm conviction of the statesmen and economists of the time, that
husbandry, being the main industry and prop of England, and the
foundation on which the whole political power of the country was
based, should receive every encouragement. At all events, in many ways
the policy was successful.[362] It encouraged investment in land, and
materially assisted the agricultural improvement for which the
eighteenth century was noted, the export too employed English
shipping, and thus aided industry. Arthur Young said it was the
singular felicity of this country to have devised a plan which
accomplished the strange paradox of at once lowering the price of corn
and encouraging agriculture, for by the system in vogue till 1773 if
corn was scarce it was imported, while if there was a glut at home
export was assisted so that great fluctuations in price were
prevented.[363] It seemed of the utmost importance to men of that time
that England should be self-supporting and independent of possible
adversaries for the necessaries of life; the wisdom of the policy was
never questioned, and was accepted by statesmen of every party.[364]
To blame the landowners for adopting what seemed the wisest course to
every sensible person is merely an instance of partisan spite.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account