Question

Explain how the evolution of corn laws in britain led to the emergence of global agricultural economy

Answer 1

Here is your answer

Food production and consumption was the main reason for the rise of global agricultural economy.The Corn Laws in Britain were abolished which opened up routes for the import of food grains. A new world economy began.The import of food in Britain led to the fall in prices of food grains and increase in consumption.There was a huge demand for agricultural commodities in Britain. Hence, all over the world land was cleared up to meet the rising demands in Britain.The need for agricultural labour also increased. Migration started to take place due to this changing economic order. 

Examples of the global agricultural economy by 1890 were 

1. Tea was exported from India to Britain.

2. Cotton was exported from countries like Egypt and USA to the textile mills of Britain.

3. Foodgrains like wheat was exported from countries like Argentina, Australia and USA to European countries.