A Short History of English LiberalismBlease, W. Lyon (Walter Lyon)
History
A Short History of English Liberalism
Blease, W. Lyon (Walter Lyon)
Great Britain -- Politics and government; Liberal Party (Great Britain); Liberalism
The Free Trade movement had begun with Adam Smith in the eighteenth
century. But little progress had been made in practical politics before the
Reform Act. A {198} few economists like Ricardo and Joseph Hume argued the
case in the Commons with as much persistency as Cobden and Bright. But the
country gentry were not economists, and their main practical object had
been the maintenance of their rents by import duties on corn. The common
people, without any direct voice in politics, had been stung by their own
sufferings into a vision of the truth, and resolutions in favour of free
imports of corn had been passed at some of the Radical meetings after the
French War.[248] In 1820 a number of London merchants presented a petition
to the House of Commons which covered import duties of every kind, and
stated "That freedom from restraint is calculated to give the utmost
extension to foreign trade, and the best direction to the capital and
industry of the country."[249] Huskisson, who was President of the Board of
Trade from 1826 to 1828, had done something to readjust some of the import
duties as between raw materials and partly or wholly manufactured goods.
The Whig victory took the matter no farther. The Whigs were at first
occupied with constitutional changes, and after Melbourne had succeeded
Grey, they ceased to apply themselves to reform of any kind. Immediately
before their defeat in 1841 they made one or two vague proposals, but were
beaten before they could carry them into effect. The arrival of Peel, a
Utilitarian Tory, decided the fate of the old system.
Peel, with Gladstone at the Board of Trade, carried on Huskisson's policy
with vigour and success. The tariff in 1842 included no less than 1,200
separate articles. On 750 of these the duties were cut down, and a general
rule was established that duties on raw materials should never exceed 5 per
cent. of their value. Though this was not Free Trade, it was a great
departure from the existing system of regulating trade by taxes. But the
corner-stone of Protection was the Corn Law, and this remained in force,
modified, but in principle untouched. Whigs and Tories alike believed in
the supremacy of land, and nothing {199} but a revolt of the manufacturers
could break it down. The revolt was led by the Manchester School.
Public-domain text, read in full here on John Shaqi.
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