Asked by Tharchin Sangpo on Jun 12, 2024
Verified
The purpose of the Corn Laws was to
A) encourage imports and discourage exports, and thus keep the price of food low.
B) encourage both exports and imports in order to integrate the British economy with the rest of Europe.
C) discourage both imports and exports in order to promote economic self-sufficiency in Britain.
D) discourage imports and encourage exports, and thus keep the price of food high.
Corn Laws
The tariffs, subsidies, and restrictions enacted by the British Parliament in the early nineteenth century to discourage imports and encourage exports of grain.
Imports
Products or services imported from one country into another for the purpose of selling or utilization.
Exports
Goods or services produced in one country and sold to buyers in other countries.
- Recognize the historical significance and impact of policy measures like the Corn Laws on trade.
Verified Answer
JB
Jimmy BoeroJun 17, 2024
Final Answer :
D
Explanation :
The Corn Laws, enacted in the early 19th century in Britain, were designed to protect domestic agriculture by imposing tariffs on imported grain. This made imported grain more expensive, encouraging the purchase of domestically produced grain, thereby keeping prices and profits high for British farmers.
Learning Objectives
- Recognize the historical significance and impact of policy measures like the Corn Laws on trade.