Explain the impacts of scrapping of the corn law ?
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Answer:
Under the pressure from industrialists and urban dwellers, the British Government abolished the Corn Laws. cheaply than it would be produced within the country. ... Faster industrial growth in Britain also led to higher incomes and therefore, more food imports
i) The scrapping of Corn Laws lead to free trade of food grains.
(ii) After the abolition of Corn Laws, food could be imported into Britain more cheaply than it could be produced within the country.
(iii) British farmers were unable to compete with imports. Vast areas of land were now left uncultivated, and thousands of men and women were thrown out of work. They flocked to the cities or migrated overseas
Scrapping corn law
- Corn law is imposed on essential grains produced by farmers. This is unfair since this increases the procurement price of farmers and thereby affecting consumers.
- Advantages include Famers getting a fair price for their produces, Corn could be easily transferred across the region with less burden and this would help to reduce malnourishment among poors.
- This ultimately proves to be a lot more beneficial to customers, who are at the final receiving end.
To learn more:
what is corn law and why it was imposed?
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What were the effects of the Corn Law?
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