Free Trade Vs. Protectionism:the Great Case Study

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In 1815, the Corn Law attempted to create a legislative framework that would regulate the import of corn on the British market. The import of corn was initially used as an instrument to complete the supply of corn in those seasons when production was law. At the same time, import would have allowed for prices to remain low and affordable for the large part of the population. The problem, as previously shown, was that the import of corn contributed to the volume of corn on the market and kept prices low, which was not in the interests of the landlords.

Landlords also used the argument according to which the import of corn was dangerous for the national interest and security of Britain. Their argument was based on the idea according to which Britain's enemies could affect the inflow and import of corn on the British market and affect the food security of the country.

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With that argument in mind, they planned to introduce protectionist laws that would limit the import of corn on the market.

These were the Corn Laws, adopted in 1815. These laws introduced protectionist tariffs of corn on the British market. They were directed against the corn that could be imported in Britain, often less expensive and, as previously described, with a distinct impact on lowering the price of corn on the market, something that would not have benefited the landlords. As the case study continues to show, the period from 1815 to 1846, when the repeal of the laws was discussed, was marked with ample protests against the laws that maintained corn at high prices. Peel had to consider given the laws up and opening the market to free trade or continuing the….....

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