4 ms·
Let me try to make the case: The repeal of the Corn Laws led to a massive flow of people to the cities, providing much needed labour to fuel the industries the
by mdemare 18y ago
Let me try to make the case:
The repeal of the Corn Laws led to a massive flow of people to the cities, providing much needed labour to fuel the industries there. And by lowering the price of food, the entire country people had more money to spend on other goods. It also created a bigger market for the surplus of grain that the U.S. was able to produce, which gave a huge boost to their economy, and allowed it to continue to absorb enormous numbers of immigrants.
Also, the repeal of the Corn Laws became a landmark for the free trade movement, leading to a more efficient division of labour between states that gave a huge boost to economic growth that continued throughout the 19th century.