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To: maceng2 who wrote (1095)3/16/2002 3:41:03 PM
From: craig crawford  Read Replies (2) | Respond to of 1643
 
In the years of good harvests in England the price of corn was low, the country almost self sufficient and there was little market for foreign corn. In the bad years, the harvest on the Continent was also often poor and the price was consequently high.

This does not mean the Free Traders were wrong. The mid century period was a time of rising prices in the world, owing to the discovery of gold in Australia and California, and thus these figures represent a relative drop in the price of corn. Had the Corn Laws not been repealed, the price of corn would undoubtedly have been much higher


the author admits that the price of corn would have been much higher if the free traders had not repealed the corn laws. the author also admits that england was "almost" self-sufficient during good harvests. obviously that meant they were woefully insufficient at feeding themselves during poor harvests and had to rely on cheap foreign imports. eliminating the tariff on corn imports encouraged reliance on foreign imports to the detriment of local farmers who could provide greater self-sufficiency to the nation.

>> Second. Lets say the Brits had kept the Corn Laws in place. Result the continent would have benefited from lower corn costs and their industrial revolution might have beat ours. Nope didn't happen. Britannia Rools (well 19th century anyway) -g- <<

A Picture of the Age: Part Two 1874 - 1899
christchurch.birkenhead.net

What of national and world affairs in the period? In 1874 the Prime Minister was Benjamin Disraeli and he faced problems only too familiar to us today: recession and unemployment. There were a number of causes, but the basics were that Britain was no longer the unchallenged industrial power, though she remained the richest and greatest economy. She now faced competition from newly united Germany, an expanding USA and France trying to restore her position after defeat by Germany in 1870. Each of these countries raised trade barriers against British goods while Britain continued with her belief in total freedom of trade. Germany and the USA were able to develop huge sources of coal and iron, using the expertise that Britain had been a century in attaining. More importantly, perhaps, was the massive import of cheap American grain as the Middle West was opened up. Most European countries saw the danger to their farming and stopped American imports. Britain allowed the cheap grain to flood in, so that British farming could no longer compete. The result was a severe depression in the countryside, forcing workers to leave the country for the town, but it also meant much cheaper food, so that though there was unemployment, the workers did not suffer as they might have done in the past. Britain became the only country dependent on imported food: she was always only three months from starvation and therefore, despite her great wealth, the most vulnerable country in Europe. Her Navy was now a vital necessity to keep those trade routes open and she dared not quarrel with her major food supplier, the USA.



To: maceng2 who wrote (1095)3/19/2002 2:34:02 AM
From: Dan B.  Read Replies (1) | Respond to of 1643
 
Mr. Wood writes this: "Had the Corn Laws not been repealed, the price of corn would undoubtedly have been much higher."

And you've concluded this: "Lets say the Brits had kept the Corn Laws in place. Result the continent would have benefited from lower corn costs and their industrial revolution might have beat ours."

I know you are being congenial with Craig, but I'm sorry, you've definitely mis-read something here, Pearly.

Dan B