V. Canada and the Repeal of the Corn Laws

Extract

Mid-nineteenth century Imperial trade policy has been discussed mainly from the standpoint of the constitutional historian. It is probably for this reason that the economic events with which the policy is connected have received very little critical analysis, and are usually expounded on lines laid down by contemporary partisans. The orthodox view that the Canadian corn-exporting trade was encouraged by the English grant of increased preference in 1843, and in the midst of consequent expansion was injured by the repeal of the Corn Laws in 1846, and later revived in some measure by the compensating repeal of the Navigation Laws in 1849, was the view normally held by Canadian writers in 1850. Having its origin in past politics, it characteristically exalts the influence of legislation. It is hoped to show in this article that when disturbing factors besides English tariff policy are taken into account—speculation, harvest fluctuation, and the policies of foreign states, to name no others—the interpretation which has proved so seductive is in the main a legend. A legend, it is true, whose acceptance in the late “forties” is not difficult to understand.