write a note to explain the British government's decision to abolish the Corn laws
Answers
i) Effect of The British Government’s Decision to Abolish Corn Law : Once the Corn Law was abolished, food could be imported into Britain cheaply.
(ii) Coming of the rinderpest to Africa : Rinderpest a fast spreading disease of cattle plague. It was brought to Africa by European in late 1880s.
It spread westward ‘like forest fire’ destroying almost 90% of African cattle wealth. It destroyed the livelihood of the Africans and paved the way for conquest of Africa.
(iii) After the First World War, most men of working- age were either maimed or dead. These deaths and injuries reduced the workforce of able bodied people. With fewer members in the family, household incomes declined after the war.
(iv) Effect of Great Depression on the Indian Economy : Since by 20th century economy of all countries got interlinked and integrated, the great depression of US in 1929 had a great impact even on India.
The depression immediately affected Indian trade. In 19th century India became an exporter of agricultural goods and importer of manufactures. Herexportand import nearly halved between 1928-34. As international prices crashed, prices in India also plunged. Peasants and farmers were worst hit. Colonial rulers refused to reduce revenue.
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due to pressure from the land owners the government restricted the import of corn. these laws were commonly known as corn law. after the introduction of corn law food prices become exorbitant. industrialist and people living in town square unhappy with high good prices. after the evolution of corn law of food could be imported into Britain at much cheaper rate that before.
THE EFFECTS OF ABOLITION OF CORN LAW
▪ as the food prices fell consumption in Britain increase from the mid 19th century faster industrial growth in Britain lead to higher accounts and more demand for food.
▪ around the world in Eastern Europe, Russia, America and Australia, land was cleared to cultivate more foodgrain to meet the increasing demand of Britain.
▪ new Railways and harbours where needed to export Agricultural Products.
▪increasing number of workers needed more homes and settlement. all these kept activity required capital and labour.
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