What was the significance of the abolition of the Corn Laws in the early 19th century? 🔊
The abolition of the Corn Laws in the early 19th century held significant economic and social implications for Britain. These laws, which imposed tariffs on imported grain, were repealed in 1846 due to growing opposition from manufacturers and working-class advocates who argued that they inflated food prices. The repeal facilitated cheaper grain imports, significantly benefiting the industrial workers and stimulating the labor movement. Additionally, it marked a shift toward free trade and away from mercantilist policies, influencing future economic policies and fostering a more dynamic market economy.


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