Malthus, T. R. (Thomas Robert), 1766-1834; Malthusianism
But the very increase of tillage kept down prices and gave the
landowners little benefit. Whenever a scarcity occurred the laws were
suspended, and the bounty and duties were taken off together.[492]
Exportation, however, was the rule till a little after the middle of the
century, say at the beginning of George III.’s reign, when the tide had
fairly turned. Especially after the Peace of Paris (Nov. 1762), commerce
was extended and population with it. Canals were made, roads improved,
and home trade prospered.[493] We could no longer raise enough corn for
our own wants.[494] In 1766, the year of our author’s birth, there were
scarcities, Corn Riots, and suspensions of the Corn Laws;[495] but the
bounty was kept up in name to the end of the century. In 1795 and 1796
the price of wheat rose to 80_s._ a quarter, in 1797 and 1798 it sank to
54_s._; but, at the end of harvest, 1799, it rose to 92_s._, in 1800 to
128_s._, and before the harvest of 1801 to 177_s._ The quartern loaf
(under 6_d._ in 1885) was once within ½_d._ of 2_s._! Then came a cycle
of comparative plenty. Wheat between 1802 and 1807 was at 75_s._ on an
average, and a new Corn Law in 1804 prohibited importation till the home
price should rise to 63_s._ Between 1808 and 1813 it was 108_s._ on an
average; and it was as high as 140_s._ 9_d._ in the severe winter
(1812–13) of Napoleon’s retreat from Moscow. But in the spring of 1815
wheat was at 60_s._ If it should rise to 63_s._ the ports would be
opened, and there was not even the Protection of war. The farmers and
landowners were terror-stricken, the political economists divided, and
the bill for raising the importation price to 80_s._ was hurried through
the House. The bounty, relaxed in 1773, had been finally repealed, in
1814.[496] As the sliding scale of duties was not introduced till 1827,
we are to regard Malthus and Ricardo as writing on rent (in 1815 and
1820) under the severe Corn Law of 1815, as well as when the wisdom of
passing that measure was still under debate. All their discussions on
rent bear consciously or unconsciously upon the Corn Laws of their own
time.
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