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Corn Laws
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. The laws were designed to keep corn prices high to favour domestic farmers, 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 10 March 1815, the House of Lords on 20 March and the bill received royal assent on 23 March 1815. The Corn Laws enhanced the profits and political power associated with land ownership. The laws raised food prices and the costs of living for the British public, and hampered the growth of other British economic sectors, such as manufacturing, by reduc ...
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1815 Corn Law, An Act To Amend The Laws Now In Force For Regulating The Importation Of Corn
Events January * January 2 – Lord Byron marries Anna Isabella Milbanke in Seaham, county of Durham, England. * January 3 – Austria, Britain, and Bourbon-restored France form a secret defensive alliance treaty against Prussia and Russia. * January 8 – Battle of New Orleans: American forces led by Andrew Jackson defeat British forces led by Sir Edward Pakenham. American forces suffer around 60 casualties and the British lose about 2,000 (the battle lasts for about 30 minutes). * January 13 – War of 1812: British troops capture Fort Peter in St. Marys, Georgia, the only battle of the war to take place in the state. * January 15 – War of 1812: Capture of USS ''President'' – American frigate , commanded by Commodore Stephen Decatur, is captured by a squadron of four British frigates. February * February 3 – The first commercial cheese factory is founded in Switzerland. * February 4 – The first Dutch student association, th ...
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Tories (British Political Party)
The Tories were a loosely organised political faction and later a political party, in the Parliaments of Parliament of England, England, Parliament of Scotland, Scotland, Parliament of Ireland, Ireland, Parliament of Great Britain, Great Britain and the Parliament of the United Kingdom, United Kingdom. They first emerged during the 1679 Exclusion Crisis, when they opposed Whigs (British political party), Whig efforts to exclude James II of England, James, Duke of York from the succession on the grounds of his Catholic Church, Catholicism. Despite their fervent opposition to state-sponsored Catholicism, Tories opposed his exclusion because of their belief that inheritance based on birth was the foundation of a stable society. After the succession of George I of Great Britain, George I in 1714, the Tories had no part in government and ceased to exist as an organised political entity in the early 1760s (although the term continued to be used in subsequent years as a term of self-d ...
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Henry Phelps Brown
Sir Ernest Henry Phelps Brown MBE, FBA (10 February 1906 – 15 December 1994) was a prominent British economist. Early years Phelps Brown was born in Calne, Wiltshire.. He won a scholarship to The Taunton Academy before winning an open scholarship to Wadham College at Oxford University to study first history, and then philosophy, politics & economics. He combined academic achievement with sporting prowess and enjoyment of the social life of the Oxford Union, attaining a First in History in 1927, a First in Politics, Philosophy and Economics in 1929, winning a half-blue for cross country running in 1926, and the Secretaryship of the Oxford Union in 1928. He was president of the Diagnostic Society in 1926. Career Directly following completion of his undergraduate studies in 1929, Phelps Brown was appointed a Fellow of the New College, where he taught economics from 1930 to 1947, following a year in the United States as a Rockefeller Travelling Fellow. Phelps Brown joined t ...
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Tonne
The tonne ( or ; symbol: t) is a unit of mass equal to 1,000  kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton in the United States to distinguish it from the non-metric units of the short ton ( United States customary units) and the long ton ( British imperial units). It is equivalent to approximately 2,204.6 pounds, 1.102 short tons, and 0.984 long tons. The official SI unit is the megagram (Mg), a less common way to express the same amount. Symbol and abbreviations The BIPM symbol for the tonne is t, adopted at the same time as the unit in 1879.Table 6
. BIPM. Retrieved on 2011-07-10.
Its use is also official for the metric ton in the United States, having been adopted by the United States

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Bushel
A bushel (abbreviation: bsh. or bu.) is an Imperial unit, imperial and United States customary units, US customary unit of volume, based upon an earlier measure of dry capacity. The old bushel was used mostly for agriculture, agricultural products, such as wheat: in modern usage, the volume is nominal, with bushels denoting a mass defined differently for each commodity. The name "bushel" is also used to translate similar units in other measurement systems. Name The word "bushel" as originally used for a container itself, and later a unit of measurement. The name comes from the Old French ' and ', meaning "little box".. It may further derive from Old French ', thus meaning "little butt (unit), butt". History The bushel is an intermediate value between the pound (mass), pound and ton or tun (unit), tun that was introduced to England following the Norman Conquest of England, Norman Conquest. Norman England, Norman Weights and Measures Acts (UK), statutes made the London ...
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British House Of Commons
The House of Commons is the lower house of the Parliament of the United Kingdom. Like the upper house, the House of Lords, it meets in the Palace of Westminster in London, England. The House of Commons is an elected body consisting of 650 members known as members of Parliament (MPs), who are elected to represent constituencies by the first-past-the-post system and hold their seats until Parliament is dissolved. The House of Commons of England began to evolve in the 13th and 14th centuries. In 1707 it became the House of Commons of Great Britain after the political union with Scotland, and from 1801 it also became the House of Commons for Ireland after the political union of Great Britain and Ireland. In 1922, the body became the House of Commons of the United Kingdom of Great Britain and Northern Ireland after the independence of the Irish Free State. Under the Parliament Acts 1911 and 1949, the Lords' power to reject legislation was reduced to a delaying power. The gove ...
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Edmund Burke
Edmund Burke (; 12 January [New Style, NS] 1729 – 9 July 1797) was an Anglo-Irish Politician, statesman, journalist, writer, literary critic, philosopher, and parliamentary orator who is regarded as the founder of the Social philosophy, social and Philosophy of culture, cultural philosophy of conservatism.Andrew Heywood, ''Political Ideologies: An Introduction''. Third Edition. (Palgrave Macmillan, 2003), p. 74. Regarded as one of the most influential conservative thinkers and writers, Burke spent most of his political career in Great Britain and was elected as a member of Parliament (MP) from 1766 to 1794 in the House of Commons of Great Britain with the Whig (British political party), Whig Party. His writings and literary publications influenced British conservative thought to a great extent, and helped establish the earliest foundations for modern conservatism and liberal democracy. His writings also played a crucial role in influencing public views and opinions in Britain ...
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Quarter (unit)
The quarter ( "one-fourth") was used as the name of several distinct English units based on ¼ sizes of some base unit. The "quarter of London" mentioned by ''Magna Carta'' as the national standard measure for wine, ale, and grain was ¼ ton or tun. It continued to be used, e.g. to regulate the prices of bread. This quarter was a unit of 8 bushels of 8 gallons each, understood at the time as a measure of both weight and volume: the grain gallon or half- peck was composed of 76,800 (Tower) grains weight; the ale gallon was composed of the ale filling an equivalent container; and the wine gallon was composed of the wine weighing an equivalent amount to a full gallon of grain. Length In measures of length, the quarter (qr.) was ¼ of a yard, formerly an important measure in the cloth trade. 3 qr. was a Flemish ell, 4 quarters were a yard, 5 qr. was an (English) ell, and 6 qr. was an aune or French ell. Each quarter was made up of 4 nails. Its metric equivalen ...
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Shilling
The shilling is a historical coin, and the name of a unit of modern currency, currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a Pound (currency), pound before being phased out during the 1960s and 1970s. Currently the shilling is used as a currency in five east African countries: Kenyan shilling, Kenya, Tanzanian shilling, Tanzania, Ugandan shilling, Uganda, Somali shilling, Somalia, and the ''de facto'' country of Somaliland shilling, Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Anglo-Saxon language, Anglo-Saxon phrase "Scilling", a monetary term meaning literally "twentieth of a pound", from the Proto-Germanic root :wikt:Reconstruction:Proto-Germanic/skiljaną, skiljaną meaning literally "to separate, split, divide", from :wikt:Reconstr ...
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Malt
Malt is any cereal grain that has been made to germinate by soaking in water and then stopped from germinating further by drying with hot air, a process known as "malting". Malted grain is used to make beer, whisky, malted milk, malt vinegar, confections such as Maltesers and Whoppers, flavored drinks such as Horlicks, Ovaltine, and Milo (drink), Milo, and some baked goods, such as malt loaf, bagels, and Rich Tea biscuits. Malted grain that has been ground into a coarse meal is known as "sweet meal". Malting grain develops the enzymes (α-amylase, β-amylase) required for modifying the grains' starches into various types of sugar, including monosaccharide glucose, disaccharide maltose, trisaccharide maltotriose, and higher sugars called maltodextrines. It also develops other enzymes, such as proteases, that break down the proteins in the grain into forms that can be used by yeast. The point at which the malting process is stopped affects the starch-to-enzyme ratio, and partly ...
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Export Subsidy
Export subsidy is a government policy to encourage export of goods and discourage sale of goods on the domestic Market (economics), market through direct payments, low-cost loans, tax relief for exporters, or government-financed international advertising. An export subsidy reduces the price paid by foreign importers, which means Domestic market, domestic consumers pay more than foreign consumers. The World Trade Organization (WTO) prohibits most subsidies directly linked to the volume of exports, except for Least Developed Countries, LDCs. Incentives are given by the government of a country to exporters to encourage export of goods. Export subsidies are also generated when internal price supports, as in a guaranteed minimum price for a commodity, create more production than can be consumed internally in the country. (These price supports are often coupled with import tariffs, which keeps the domestic price high by discouraging or taxing imports on the difference between the world p ...
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Importation And Exportation (No
An importer is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade. Import is part of the International Trade which involves buying and receiving of goods or services produced in another country. The seller of such goods and services is called an exporter, while the foreign buyer is known as an importer. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions. Definition Imports consist of transactions in goods and services to a resident of a jurisdiction (such as a nation) from non-residents. The exact definition of imports in national accounts includes and excludes specific "borderline" ...
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