The Corn Law debates

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International Trade

Course (61 videos)

The Corn Law debates

In response to falling grain prices following the Napoleonic Wars, Great Britain imposed regulations, taxes and tariffs on grain in 1815. These became known as the Corn Laws. This action sparked a classic debate between free traders, most notably David Ricardo, and protectionists, notably Thomas Malthus. The law was eventually repealed in 1846, marking a significant step toward freer trade in Great Britain. As a result, grain prices fell and grain imports rose throughout the rest of the 19th century.

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