Manchester was the hub of the world's textile manufacturing industry, and had a large population of factory workers who were disadvantaged by the Corn Laws, the protectionist policy that imposed tariffs on imported wheat and therefore increased the price of food. The Corn Laws were supported by the land-owning aristocracy because they reduced foreign competition and allowed landowners to keep grain prices high. That increased the profits from agriculture as the population expanded. However, the operation of the Corn Laws meant that factory workers in the textile mills of northern England were faced with increasing food prices. In turn, mill owners had to pay higher wages, which meant that the price of finished goods was higher and the foreign trade competitiveness of their products was reduced.
Anti-Corn Law League
Mercantilism holds that a country’s prosperity is dependent on large exports, but limited imports of goods. At the beginning of the 19th century, trade in Britain was still subject to import quotas, price ceilings and other state interventions. That led to shortages of certain goods in British markets, in particular corn (grains usually requiring grinding, most often, but not always wheat).
Manchester became the headquarters of the Anti-Corn Law League from 1839. The League campaigned against the Corn Laws, which it said would reduce food prices and increase the competitiveness of manufactured goods abroad. Manchester Liberalism grew out of that movement. That has led to the situation seen in modern Britain, where the country benefits from less expensive food, imported from trading partners, and those partners in turn benefit from less expensive goods imported from Britain, in a system of globalised cooperation in production.
The great champions of the Manchester School were Richard Cobden and John Bright. As well as being advocates of free trade,[2] they were radical opponents of war and imperialism, and proponents of peaceful relations between peoples. The "Little Englander" movement saw little benefit in paying taxes to defend colonies such as Canada, which contributed little trade to Manchester manufacturers and could not supply their main raw material of cotton.[3] Manchesterism can therefore be seen as a belief in free and consensual relations amongst individuals and groups at all levels.[citation needed] Cobden's efforts to promote free trade were always instrumental in what he deemed the highest moral purpose, i.e. the promotion of peace on earth and goodwill among men.[citation needed]
Terminology
In January 1848, ConservativeBenjamin Disraeli first used the term "the Manchester School".[4] According to historian Ralph Raico and as indicated by the German liberal Julius Faucher in 1870, the term "Manchesterism" was invented by Ferdinand Lassalle (the founder of German socialism) and was meant as an abusive term.[5]
↑ Palen, Marc-William (9 February 2020). "Marx and Manchester: The Evolution of the Socialist Internationalist Free-Trade Tradition, c.1846-1946". The International History Review. 43 (2): 381–398. doi:10.1080/07075332.2020.1723677. ISSN0707-5332. S2CID213110700.
Bresiger, Gregory. "Laissez Faire and Little Englanderism: The Rise, Fall, Rise, and Fall of the Manchester School," Journal of Libertarian Studies (1997) 13#1 pp 45–79. online
Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics; civil liberties under the rule of law with especial emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech. It gained full flowering in the early 18th century, building on ideas stemming at least as far back as the 13th century within the Iberian, Anglo-Saxon, and central European contexts and was foundational to the American Revolution and "American Project" more broadly.
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants.
Gustave de Molinari was a Belgian political economist and French Liberal School theorist associated with French laissez-faire economists such as Frédéric Bastiat and Hippolyte Castille.
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The Corn Laws were tariffs and other trade restrictions on imported food and corn enforced in the United Kingdom between 1815 and 1846. The word corn in British English denotes all cereal grains, including wheat, oats and barley. They were designed to keep corn prices high to favour domestic producers, and represented British mercantilism. The Corn Laws blocked the import of cheap corn, initially by simply forbidding importation below a set price, and later by imposing steep import duties, making it too expensive to import it from abroad, even when food supplies were short. The House of Commons passed the corn law bill on March 10, 1815, the House of Lords on March 20 and the bill received Royal assent on March 23, 1815.
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John Bright was a British Radical and Liberal statesman, one of the greatest orators of his generation and a promoter of free trade policies.
Richard Cobden was an English Radical and Liberal politician, manufacturer, and a campaigner for free trade and peace. He was associated with the Anti-Corn Law League and the Cobden–Chevalier Treaty.
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The Radicals were a loose parliamentary political grouping in Great Britain and Ireland in the early to mid-19th century who drew on earlier ideas of radicalism and helped to transform the Whigs into the Liberal Party.
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Liberalism is a political and moral philosophy based on the rights of the individual, liberty, consent of the governed, political equality and equality before the law. Liberals espouse various views depending on their understanding of these principles. However, they generally support private property, market economies, individual rights, liberal democracy, secularism, rule of law, economic and political freedom, freedom of speech, freedom of the press, freedom of assembly, and freedom of religion. Liberalism is frequently cited as the dominant ideology of modern times.
Economic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century. Historically, economic liberalism arose in response to feudalism and mercantilism.
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