What was the name given to regulations governing import tariffs designed to protect the prices of cereal crops prices in Britain against competition from less expensive foreign imports between 1815 and 1846?
British Agricultural Revolution cultivation there was also a demand for pasture land to support more livestock. The growth of arable acreage slowed from the 1830s and went into reverse from the 1870s in the face of cheaper grain imports, and wheat acreage nearly halved from 1870 to 1900. The recovery of food imports after the Napoleonic Wars (1803–1815) and the resumption of American trade following the War of 1812 (1812–1815) led to the enactment in 1815 of the Corn Laws (protective tariffs) to protect cereal grain producers in Britain against foreign competition. These laws were only removed in 1846 after the onset of
Real prices and ideal prices a difference between the nominal prices and the inflation-adjusted price. The price of a stock or a debt security, expressed in a given currency, may be highly variable, and their variable yields may in turn revalue or devalue the prices of related assets. Thus, the "price mechanism" is often not simply a function of supply and demand for a tradable object, but of a "structure" of related and co-existing prices, where fluctuations in one group of prices impact on another group of prices, perhaps quite contrary to the wishes of buyers and sellers. In this sense, the concept of a