FREE BOOKS

Author's List




PREV.   NEXT  
|<   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184  
185   186   187   188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   204   205   206   207   208   209   >>   >|  
ditions which were arising, and of pure theory were combined cannot of course be distinguished. All were present. Besides this there is always a large number of persons in the community who would be primarily benefited by a change, and who therefore take the initiative or exercise a special pressure in favor of it. The Navigation Acts began to go to pieces in 1796, when the old rule restricting importations from America, Asia, and Africa to British vessels was withdrawn in favor of the United States; in 1811 the same permission to send goods to England in other than British vessels was given to Brazil, and in 1822 to the Spanish-American countries. The whole subject was investigated by a Parliamentary Commission in 1820, at the request of the London Chamber of Commerce, and a policy of withdrawal from control determined upon. In 1823 a measure was passed by which the crown was empowered to form reciprocity treaties with any other country so far as shipping was concerned, and agreements were immediately entered into with Prussia, Denmark, Hamburg, Sweden, and within the next twenty years with most other important countries. The old laws of 1660 were repealed in 1826, and a freer system substituted, while in 1849 the Navigation Acts were abolished altogether. In the meantime the monopoly of the old regulated companies was being withdrawn, the India trade being thrown open in 1813 and given up entirely by the Company in 1833. Gradually the commerce of England and of all the English colonies was opened equally to the vessels of all nations. A beginning of removal of the import and export duties, which had been laid for the purpose of encouraging or discouraging or otherwise influencing certain lines of production or trade, was made in a commercial treaty entered into by Pitt with France in 1786. The work was seriously taken up again in 1824 and 1825 by Mr. Huskisson, and in 1842 by Sir Robert Peel. In 1845 the duty was removed from four hundred and thirty articles, partly raw materials, partly manufactures. But the most serious struggle in the movement for free trade was that for the repeal of the corn laws. A new law had been passed at the close of the Napoleonic wars in 1815, by which the importation of wheat was forbidden so long as the prevailing price was not above ten shillings a bushel. This was in pursuance of the old traditional policy of encouraging the production of grain in order that England might be at lea
PREV.   NEXT  
|<   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184  
185   186   187   188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   204   205   206   207   208   209   >>   >|  



Top keywords:
vessels
 

England

 

production

 
countries
 

Navigation

 

policy

 

British

 

passed

 

encouraging

 

withdrawn


partly

 
entered
 

thrown

 
influencing
 
discouraging
 

monopoly

 

treaty

 

regulated

 

commercial

 

companies


Company

 

import

 

export

 

opened

 

equally

 
nations
 

France

 

removal

 

duties

 

colonies


beginning

 

Gradually

 
English
 

commerce

 

purpose

 

importation

 

forbidden

 

Napoleonic

 

repeal

 

prevailing


traditional
 
pursuance
 

shillings

 

bushel

 

movement

 
Huskisson
 

meantime

 
Robert
 
manufactures
 

materials