18 September 1838: The Anti-Corn Law Association is founded

On this day in 1838, a group of activists met with the aim of ending the crippling trade tariffs known as the corn laws that were causing misery for millions.

During the Napoleonic War, Britain was shut off from grain supplies from the continent. The government encouraged more wheat to be grown at home, but the price of grain inevitably rose.

Then the war ended. Cheaper grain imports were once again available, but the landed upper class wasn't having that. They had been turning over a tidy profit from the higher prices and they had the government on their side. Or, to put it another way, they were the government.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
Chris Carter
Wealth Editor, MoneyWeek