The Corn Laws Debate

540 Words2 Pages

The Corn Laws debate was very controversial during the Industrial Revolution, because at that time there was the transition from what it was the mercantilism era to the liberal ideas and views towards the economy structure. The Corn Laws issue was that it had restricted agricultural imports (Cohn, pp. 7). This law illustrates the conflict between mercantilism and liberal economic ideologies; unlike liberal economic views, the Corn Laws under mercantilism favored the large landowners while being based on power and wealth. Their main goal in mercantilism was to have an economic independence, where their main concern was state’s own interest, instead of cooperating with others, which clearly contrasts liberal economic views such as trade. Mercantilism faded after the repeal of the Corn Laws and allowed liberal economic views to emerge on the international trade scene.

Before liberal economic views emerged, mercantilism was the economic doctrine the government practiced to protect his or her own domestic products. Voltaire’s quote explains the main goal of mercantilism, “It is clear ...

Open Document