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Repeal of the Corn Laws

Also Known As Importation Act 1846
Government Policy and Reform Milestones

The Corn Laws were tariffs and restrictions on imported grain, in force in Britain from 1815, that protected domestic landowners by keeping food prices high. Prime Minister Robert Peel, converted to free trade partly by the Irish Famine's exposure of the human cost of dear bread, pushed repeal through Parliament in 1846 over the opposition of his own Conservative Party's landed interest, splitting the party for a generation. Repeal is treated as the decisive practical victory of classical free-trade economics over mercantilist protection in nineteenth-century Britain.

Facts
Event Year
1846 2
Event Date
1846-06-26 3
Location
United Kingdom 2
Chronology
End Year
1846 1
Connections

Associated With

David Ricardo, Economists

Ricardo's theory of comparative advantage supplied the intellectual case free traders used against the Corn Laws.

Source Encyclopaedia Britannica

Associated With School

Ricardo's comparative-advantage case for free trade was the classical school's central argument for repeal.

Source Encyclopaedia Britannica

Wikipedia's Manchester Liberalism article documents Manchester as the Anti-Corn Law League's headquarters from 1839, and states the movement grew directly out of the League's campaign against the Corn Laws; this is the event's first direct edge to Manchester School, the movement whose campaign produced the 1846 repeal.

Source Wikipedia
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Sources
1. Wikipedia: Great Depression
Corn Laws, infobox
Quote, Corn Laws, infobox
Royal assent 26 June 1846
View the Source
2. Encyclopaedia Britannica
Encyclopaedia Britannica, Inc.
  • Corn Laws
  • Associated With School: Classical Economics
  • Associated With: David Ricardo
View the Source
3. Wikipedia
Wikimedia Foundation
  • Corn Laws
    Royal assent 26 June 1846
  • Passage section
    On 25 June the Duke of Wellington persuaded the House of Lords to pass it, and it became the Importation Act 1846 (9 & 10 Vict. c. 22).
  • Associated With School: Manchester School, Manchester Liberalism, History section
    Manchester became the headquarters of the Anti-Corn Law League from 1839. The League campaigned against the Corn Laws, which it said would reduce food prices and increase the competitiveness of manufactured goods abroad. Manchester Liberalism grew out of that movement.
View the Source
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