The Corn Law Act had been passed in 1815 as a measure to protect the interests of landowners who looked as if they were about to lose out when highly inflated prices for coorn ceased with the ending of the Napoleonic Wars. This kept the price of not only corn but also bread artificially high. Although an Anti-Corn Law League formed to oppose the legislation, it was not until the potato famine in Ireland that repeal was enacted in a belated attempt to alleviate some of the suffering. The repeal marked an end to protectionist policies and can be seen as a major stepping stone in turning Britain into a free trading nation.
|