Buy English Acres

Cover Buy English Acres
Buy English Acres
C F Charles Finch Dowsett
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Much to the surprise of everyone at the time, the passing of the Act in 1 846, produced little effect on prices, and in 1847, when the duty was entirely suspended from early in January till the end of the year, on account of the preceding bad harvest, the price of wheat was higher than it had been for many years previously. It was in fact the home harvests at the time which mainly regulated prices, about nine-tenths of the total consumption being home grown, and high freights and expensive land
... transit forming natural protection independently of 132 FREE TRADE A FAILURE FROM THE FIRST.
tariffs. The consequence of this state of things was that Free Trade at first, at any rate, did little or nothing to check the cultivation of the soil or injure agriculture.
For the first few years following the Repeal Act, trade was stagnant, until after the gold discoveries in California and Australia in 1849 and 1850 (dealt with later on), when a rapid improvement set in. Free Traders claim the credit of this improvement, but this claim it is my endeavour to confute.


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