An Introduction to the Industrial and Social History of EnglandCheyney, Edward Potts
History
An Introduction to the Industrial and Social History of England
Cheyney, Edward Potts
Great Britain -- Economic conditions; Great Britain -- Maps; Industries -- Great Britain
A beginning of removal of the import and export duties, which had been
laid for the purpose of encouraging or discouraging or otherwise
influencing certain lines of production or trade, was made in a
commercial treaty entered into by Pitt with France in 1786. The work
was seriously taken up again in 1824 and 1825 by Mr. Huskisson, and in
1842 by Sir Robert Peel. In 1845 the duty was removed from four
hundred and thirty articles, partly raw materials, partly
manufactures. But the most serious struggle in the movement for free
trade was that for the repeal of the corn laws. A new law had been
passed at the close of the Napoleonic wars in 1815, by which the
importation of wheat was forbidden so long as the prevailing price was
not above ten shillings a bushel. This was in pursuance of the old
traditional policy of encouraging the production of grain in order
that England might be at least partially self-supporting, and was
further justified on the ground that the landowners paid the great
bulk of the taxes, which they could not do if the price of grain were
allowed to be brought down by foreign competition. Nevertheless an
active propaganda for the abolition of this law was begun by the
formation of the "Anti-Corn Law League," in 1839. Richard Cobden
became the president and the most famous representative of this
society, which carried on an active agitation for some years. The
chief interest in the abolition of the law would necessarily be taken
by the manufacturing employers, the wages of whose employees could
thus be made lower and more constant, but there were abundant other
arguments against the laws, and their abandonment was entirely in
conformity with the spirit of the age. At the close of 1845,
therefore, Peel proposed their repeal, the matter was brought up in
Parliament in the early months of 1846, and a sliding scale was
adopted by which a slight temporary protection should continue until
1849, when any protective tariff on wheat was to cease altogether,
though a nominal duty of about one and a half pence a bushel was still
to be collected. This is known as the "adoption of free trade."
It remains to be noted in this connection that "free trade in land"
was an expression often used during the same period, and consisted in
an effort marked by a long series of acts of Parliament and
regulations of the courts to simplify the title to land, the processes
of buying and selling it, and in other ways making its use and
disposal as simple and uncontrolled by external regulation as was
commerce or any form of industry.
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