The Progress of Freer Trade
At an early stage in the parliamentary session of 1824, Frederick Robinson, Chancellor of the Exchequer, announced that the government intended to pursue a strong liberal line in matters of trading policy.1 The Ministry was to heed the advice of the political economists. It would ‘cut the cords which tie down commerce to the earth, that she may spring aloft, unconfined and unrestricted, and shower her blessings over every part of the world’. England, he affirmed, was ‘smiling in plenty’, and this was the best possible moment ‘to make a new start in the race for national wealth and prosperity’. Other nations would be invited to follow England’s lead in progressive liberalisation.
KeywordsFreer Trade Trading Policy Import Duty Commodity Taxation Progressive Liberalisation
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