What were the effects of the abolition of Corn Laws?

The Corn Laws were the laws enforced in Britain between the period 1815 and 1846. These laws were passed to allow the Government to restrict the import of Corn.

1. There was a high demand for food grains due to the increasing population.

2. This necessitated a huge import of food grains to meet the demand.

3. It became necessary to restrict import.

4. Hence, corn laws were passed.

5. Since the import was restricted, there was a hike in the prices.

6. There was a huge pressure from the industrialists and urban dwellers to abolish the corn laws. Hence, the Corn-laws were abolished.

7. The abolition of corn laws enabled the increase in the import of food grains which brought down the prices.

8. The agriculturists could not compete with the imports.

9. Hence, vast areas of land remained uncultivated.

10. Many people lost their jobs and migrated to other places.

Thus, the abolition of corn laws brought many changes in the economy.