Dan Snow's History Hit The Great Tariff Battle
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Apr 8, 2025 Duncan Brack, an expert analyst and policy advisor, joins the conversation to explore the impact of trade tariffs in early 20th-century Britain. They delve into the historical trade policies that fueled political upheaval and contrasts between protectionism and free trade. Brack highlights how these past tariff battles are eerily similar to today's global challenges. The discussion also touches on the rise of free market ideologies and the necessity for government intervention to support communities in the face of shifting trade dynamics.
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The Corn Laws
- The Corn Laws, enacted in 1815, taxed imported grains to protect domestic producers.
- This resulted in high bread prices, food riots, and ultimately, their abolishment in 1846, splitting the Tory party.
Liberal Party & Free Trade
- The Liberal Party championed free trade, viewing it as beneficial for both consumers and industrialists.
- Lower tariffs encouraged other nations to reciprocate, facilitating the export of manufactured goods.
Free Trade and British Power
- Britain's dominance in industrial power fueled its support for free trade.
- Cheaper imports and easier exports benefited the nation.