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Corn Laws

Definition

A series laws passed by British Parliament designed to protect cereal producers in Britain against competition from less expensive foreign imports between 1815 and 1846.

Related terms

Protectionism: Economic policy restricting imports from other countries through methods such as tariffs on imported goods to protect domestic industries from foreign competition.

Free Trade: International trade left to its natural course without tariffs, quotas, or other restrictions.

Repeal of Corn Laws: An act done by British Parliament in 1846 which ended protective tariffs making grain cheaper for consumers.

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AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.