Table of contents | |
Free Traders | |
Successes of the Free Trade Movement | |
Introduction to Britain's Shift from Free Trade to Protectionism | |
More about the Corn Laws (1815) |
Additionally, there was concern that maintaining high import duties could provoke foreign countries to impose similar restrictions on British goods.
The old protectionist attitudes faced growing criticism in Parliament.
In the late 19th and early 20th centuries, Britain faced significant economic challenges that prompted a shift from its long-standing commitment to free trade. This shift was marked by the passage of the Import Duties Act in 1932, which imposed tariffs on imports while favoring goods from within the British Empire. This change aimed to revitalize the struggling economy and reflected a broader global trend toward protectionist policies during periods of economic hardship.
Back to Import Duties:
Import Duties Act of 1932:
Intellectual Basis of Free Trade:
Jeremy Bentham:
Adam Smith:
David Ricardo:
James Mill:
70 videos|815 docs
|
1. What were the main successes of the Free Trade Movement in Britain during the 19th century? |
2. How did Britain's political landscape influence the transition from Free Trade to Protectionism in the late 19th century? |
3. What were the key arguments made by proponents of Free Trade in Britain during the 1815-1850 period? |
4. What role did the Anti-Corn Law League play in advancing the Free Trade Movement? |
5. What economic and social factors contributed to Britain's eventual shift towards Protectionism after the initial success of Free Trade? |
|
Explore Courses for UPSC exam
|