free trade

Question 1

repeal of corn laws

Answer 1

-1846
-removed tax on foreign imported goods which used to protect British domestic industry (landowners, farmers)

Question 2

Adam Smith

Answer 2

-economist who advocated for free trade in his book the ‘Wealth of nations’
-advocated for minimal government interference and national and international level:
-firms operate at lower goods due to lower import prices
-working class would benefit from lower food prices