the corn laws

Cards (24)

  • Corn Laws - diverse issue
    • the laws were valued by the landed aristocracy as they ensured that farming remained profitable
    • disliked by the poor as they led to high bread prices
    • unpopular with the industrialists
  • When was the Anti Corn Law League created?
    1839
  • Anti Corn Law League 1839:
    • created and led by the radical businessmen -> Richard Cobden and John Bright
    • they were textile manufacturers
    • originated in Manchester -> worse than the south
    • devoted to free trade ideas
    • wanted to repeal the corn laws
    • believed the aristocratic government did not care about industry + industrial workers who suffered from the continuance protectionist law
  • How were the corn laws operating:
    • initially introduced in 1815 -> foreign wheat allowed after British wheat reached 80s per quarter
    • amended in 1828 -> sliding scale -> tax on imports went down to 1s
    • Whig Charles Villiers made attempts to abolish the law every year from 1837-1845
  • 1842: Peel set the import taxes down at 20s when the British grain fetched up to 51s ---> imports cheaper than previously
  • Arguments used by the Anti Corn Law League:
    • corn laws went against free trade
    • workers needed cheaper bread
    • wages were pushed up for people to afford bread -> dismay of the manufacturers
    • restricting imports meant other countries didn't buy British Goods
    • benefited the aristocratic elite -> didn't reflect the new economic realities
  • CONTEXT:
    • 1845 -> Irish Potato Famine
    • widespread hardship -> famine in Britain
    • called the "hungry forties"
    • freer importation of food was called for
  • Was the ACLL's stance justified:
    • aristocracy had shown they were willing to change the law
    • unlikely there was foreign corn available --> similar climates to Britain --> experienced famine too
    • expensive to import food
    • suspected wage cuts if the law is repealed -> Chartists didn't like the ACLL
    • make British agriculture unprofitable which was still the largest sector of the economy
  • ACLL strategies:
    • raised money from the middle-class supporters
    • mass meetings
    • petitions
    • publicity and pamphlets
  • Was the league successful:
    • corn laws repealed
    But
    • limited impact in getting representation in Parliament
    • other factors such as the Irish famine, declining importance in agriculture and Peel's inclination towards free trade
  • Why did Peel repeal the Corn Laws:
    • ACLL pressure
    • irish famine
    • commitment to free trade
    • cabinet support (apart from Lord Stanley)
    • support of wellington in the lords
    • outcome of the royal commission into the issue in 1842
  • What were the corn laws:
    • protect British agricultural industries as during the Napoleonic Wars, landowners borrowed money to turn wasteland into farms to stop being relient on France
    • agriculture was still the biggest employer
    • 1816-1817 -> price of bread increased by 40%
  • Formation of the ACLL:
    • banned the import of foreign corn, until British corn reached 80s
    • Huskisson introduced a sliding scale
    • 1830-1835 -> harvests were fairly low
    • 1839 -> increased as unemployment increased
    • strongest in manchester -where the group started-
    • the aristocracy and landowners benefitted, the manufacturers and working class suffered
  • 1835 -> 7d
    1839 -> between 10d and 13.5d
    Prices of bread
  • Industrialists had to pay higher wages and lose profits so their workers could afford food
  • Arguments for abolishing the corn law:
    • un christian to restrict the trade
    • stimulus to the economy -> once bread prices fell, workers real wages would increase
    • encouraged British farmers to become more competitive -> european nations would buy British goods
  • Arguments against abolishing the corn law:
    • influx of cheap foreign corn would lead to mass unemployment within the agriculture sector
    • lead to overcrowding the in the urban areas
    • dependent on foreign corn
    • charists saw the abolishment as a Capitalist plot
  • Methods of the League:
    • leaflets targeted the middle class as they could vite
    • 12 mps -> 1845
    • strong leadership
    • Chartists disliked the league as they thought wages for the working class would decrease
    • co-operation with Daniel O'Connell
    • raised £100 000 in 1844
  • Stages of repeal: pt1
    • first two years, very little progress as there was violent opposition from the league
    • 1841 election -> abolitionist mps made some impacts -> Peel reduced the sliding scale. Lull in campaign till 1845.
    • 1842 - 1845 (before Irish Potato Famine), Peel decided that the corn laws were no longer effective, and Farmers had to be able to maintain their profits
    • Cobden delivered a speech in the Commons in March 1845 -> Peel could't argue saying to an MP "You must answer this for I cannot"
    • Summer of 1845 -> Irish Potato plant was ruined by a blight and this was their main meal
  • Stages of Repeal: pt2
    • Peel arranged for the USA to sell £160 000 worth of grain at 1d per pound to the Irish -> wasn't enough
    • English and Scottish crops failed
    • Peel used the Irish Potato Famine as an excuse to force repeal -> Failed and Peel resigned in December 1844
    • Russell failed to form a Whig Government, Peel recalled who won over most the cabinet but not the party
    • Repeal Bill would phase the Corn Laws out over 3 years.
    • Five Month debate -> 2/3s revolted against Peel accusing him of Breaking promises
    • The Repeal Bill passed the Commons May 1846 only with Whig support
  • Stages of Repeal: pt3
    • went through the Lords and became law in June
    • Peel resigned after Disraeli combined with the Whigs and Irish MPs
  • Effects:
    • no dramatic fall in the Wheat prices, no vast inflow of European wheat or North America so British wheat were kept steady
    • farmers didn't suffer immediate ruin, ensured reasonable profits
    • didn't help the Irish -> famine continued to 1848 with millions dying, and cholera epidemic breaking out in 1846 -> emigration to the USA
    • reduce duties on goods from Britain and encouraged trade
    • split the tories
  • Torys Splits 1846:
    • Peelites => Peel, Gladstone and Herbert and other leading conservatives broke away formed their own Parliamentary group, more reform minded and intellectual -> very small
    • Rump Conservatives => Stanley and Disraeli, real talent left and Disraeli became PM twice
  • The corn laws were needed after the napoleonic wars but were outdated