William Pitt and the Great WarRose, J. Holland (John Holland)
History
William Pitt and the Great War
Rose, J. Holland (John Holland)
Europe -- History -- 1789-1815; Great Britain -- History -- George III, 1760-1820; Pitt, William, 1759-1806
The protests against the Corn Laws are significant. In 1773 the bounty
system of the reign of William III was revised, the average price of
wheat being reckoned at forty-four shillings the quarter. If it fell
below that figure, a bounty of five shillings a quarter was granted on
export, so as to encourage farmers to give a wide acreage to wheat, in
the assurance that in bountiful seasons they could profitably dispose of
their surplus. But when the price rose to forty-four shillings
exportation was forbidden, and at forty-eight shillings foreign corn was
admitted on easy terms so as to safeguard the consumer; for, as Burke
said: "he who separates the interest of the consumer from the interest
of the grower starves the country." Unfortunately, in 1791, Government
raised the price at which importation was allowed to fifty-four
shillings the quarter. The upward trend of prices may have called for
some change; but it was too drastic. In view of the increase of the
manufacturing townships, Pitt should have favoured the import of foreign
corn, though not in such a way as unduly to discourage agriculturists.
England, in fact, was then reaching the stage at which she needed
foreign corn when nature withheld her bounties at home, and it is well
to remember that 1792 was the last year in which England exported any
appreciable amount of wheat. During the Great War she became an
importing country, and at no time was the crisis worse than in the
winter of 1795-6. Early in the year 1796 the best wheat sold at six
guineas the quarter, or four times its present price; the inferior kinds
were very dear, and many poor people perished from want if not from
actual starvation. So grave was the crisis as to evoke a widespread
demand for Free Trade in corn. This feeling pervaded even the rural
districts, a report by John Shepherd of Faversham being specially
significant. In the towns there was an outcry against corn merchants,
who were guilty of forestalling and regrating. Possibly but for these
tricks of trade the supply of home wheat might almost have sufficed.
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