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Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?
- a)Increase in food prices
- b)Decrease in agricultural production
- c)Impact on trade and agriculture
- d)Strengthening of local economies
Correct answer is option 'C'. Can you explain this answer?
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Which of the following was a consequence of the British government’s d...
The abolition of the Corn Laws led to changes in trade policies and agricultural practices, benefiting consumers but hurting domestic agricultural producers.
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Which of the following was a consequence of the British government’s d...
Consequences of the Abolition of the Corn Laws
The decision to abolish the Corn Laws in 1846 had significant consequences, particularly impacting trade and agriculture in Britain.
Overview of the Corn Laws
- The Corn Laws were tariffs and trade restrictions on imported grain.
- They aimed to protect domestic producers by keeping grain prices high.
Impact on Trade
- Abolishing the Corn Laws opened up the British market to imported grains, particularly from countries like America and Russia.
- This increased competition led to lower prices for food, benefiting consumers and enhancing their purchasing power.
Effect on Agriculture
- Although some domestic farmers faced challenges due to increased foreign competition, the overall agricultural sector had to adapt and innovate.
- Farmers began to diversify their crops and improve efficiency to compete with cheaper imports.
Strengthening of Local Economies
- Lower food prices resulted in increased disposable income for workers and consumers.
- This stimulated local economies as people had more money to spend on goods and services, boosting various sectors beyond agriculture.
Conclusion
- The abolition of the Corn Laws ultimately facilitated a transition towards a more modern agricultural and trading system.
- It promoted a free-market approach that encouraged efficiency and competitiveness, benefiting the economy as a whole.
By understanding these dynamics, we can appreciate how the decision to abolish the Corn Laws was pivotal in shaping modern economic policies and agricultural practices in Britain.
The decision to abolish the Corn Laws in 1846 had significant consequences, particularly impacting trade and agriculture in Britain.
Overview of the Corn Laws
- The Corn Laws were tariffs and trade restrictions on imported grain.
- They aimed to protect domestic producers by keeping grain prices high.
Impact on Trade
- Abolishing the Corn Laws opened up the British market to imported grains, particularly from countries like America and Russia.
- This increased competition led to lower prices for food, benefiting consumers and enhancing their purchasing power.
Effect on Agriculture
- Although some domestic farmers faced challenges due to increased foreign competition, the overall agricultural sector had to adapt and innovate.
- Farmers began to diversify their crops and improve efficiency to compete with cheaper imports.
Strengthening of Local Economies
- Lower food prices resulted in increased disposable income for workers and consumers.
- This stimulated local economies as people had more money to spend on goods and services, boosting various sectors beyond agriculture.
Conclusion
- The abolition of the Corn Laws ultimately facilitated a transition towards a more modern agricultural and trading system.
- It promoted a free-market approach that encouraged efficiency and competitiveness, benefiting the economy as a whole.
By understanding these dynamics, we can appreciate how the decision to abolish the Corn Laws was pivotal in shaping modern economic policies and agricultural practices in Britain.
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Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?a)Increase in food pricesb)Decrease in agricultural productionc)Impact on trade and agricultured)Strengthening of local economiesCorrect answer is option 'C'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?a)Increase in food pricesb)Decrease in agricultural productionc)Impact on trade and agricultured)Strengthening of local economiesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?a)Increase in food pricesb)Decrease in agricultural productionc)Impact on trade and agricultured)Strengthening of local economiesCorrect answer is option 'C'. Can you explain this answer?.
Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?a)Increase in food pricesb)Decrease in agricultural productionc)Impact on trade and agricultured)Strengthening of local economiesCorrect answer is option 'C'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?a)Increase in food pricesb)Decrease in agricultural productionc)Impact on trade and agricultured)Strengthening of local economiesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?a)Increase in food pricesb)Decrease in agricultural productionc)Impact on trade and agricultured)Strengthening of local economiesCorrect answer is option 'C'. Can you explain this answer?.
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Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?a)Increase in food pricesb)Decrease in agricultural productionc)Impact on trade and agricultured)Strengthening of local economiesCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?a)Increase in food pricesb)Decrease in agricultural productionc)Impact on trade and agricultured)Strengthening of local economiesCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Which of the following was a consequence of the British government’s decision to abolish the Corn Laws?a)Increase in food pricesb)Decrease in agricultural productionc)Impact on trade and agricultured)Strengthening of local economiesCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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