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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?


To: Dan B. who wrote (1163)3/19/2002 3:35:31 PM
From: maceng2  Read Replies (2) | Respond to of 1643
 
you've definitely mis-read something here

Pehaps I am being misunderstood, or did not state what I said clearly enough.

The Corn Tariffs were removed in 1847. Corn became cheaper in the UK. This did not really effect the British farmer significantly until the 1870's when the USA prairie farmers sent it here much cheaper then the local product. Not that big of a deal really, the farmers here could grow other more perishable products.

The point I was trying to stress is that cheaper corn meant cheaper food in turn means industrial workers could be fed more efficiently which meant competitive industrial products.

Contrary to what Craig is saying the UK did well out of "free trade". It did not break up the British "nuclear family" as he has suggested. The British "nuclear family" helped develop Britain 19th century industrial might and it's middle classes. All the evidence, it's so overwhelming it's difficult to ignore, clearly indicates Britain continued to expand it's wealth and power into the beginning of the 20th century.

The demise of the British Empire had several causes, not one of them related to a lack of import tariffs imho.

The agrarian revolution in the UK drove the agricultural workforce into the town and cities for work.

It's happening in India now. That is a problem without a doubt. I would suspend any "free trade" if it cause India to disintegrate of course.

Message 17142721

They do have a problem with farms being subdivided amongst the offspring from each generation becoming so small they cannot support the remaining families. A population problem, not a "Free Trade" generated problem.