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Reprint of the original, first published in 1881.
The argument about the limits of Free Trade or Protectionism rages throughout the world to this day. Following the Repeal of the Corn Laws in 1846, free trade became one of the most distinctive defining features of the British state, and of British economic, social, and political life. Whilethe United States, much of the British Empire, and the leading European Powers turned towards protectionism before 1914, Britain alone held to a policy which had seemingly guaranteed power and prosperity. This book seeks to explain the political history of this tenacious loyalty. While the TariffReform opponents of free trade have been much studied, this is the first substantial account, based on a wide range of printed and archival sources, which explains the primacy of free trade in nineteenth- and early-twentieth century Britain. It also shows that by the centenary of the Repeal of theCorn Laws in 1946, although British free traders lamented the death of Liberal England, they heralded, under American leadership, the rebirth of the liberal international order.
Addressing the critical issues that were to bring Richard Cobden (1804-1865) to the attention of Europe's political classes, this volume provides a timely reassessment of his influence on the development of nineteenth-century economic thinking. Focusing particularly on Cobden's advocacy of free trade and opposition to tariffs, the book explores the impact of 'Cobdenism' on the national and international stage, and considers his lasting legacy to economic liberalism. Offering a broad yet coherent investigation of the 'Cobdenite project' by leading international scholars, this volume provides a new and fascinating insight into one of the nineteenth century's most important figures.