British Quote by Joseph Hume
“There is abundant proof that the opening of our ports always tends to raise the price of foreign corn to the price in the English market, and not to sink the price of British corn to the price in the continental market.”
About This Quote
Source Treatise: Parliamentary Debates on Trade, 1840s
Opening ports raises foreign corn prices to English levels, not lowering British corn to continental levels.
In simple terms: Ports affect foreign corn prices, not domestic ones.
Key Takeaway
Consider trade policy impacts on local agriculture.
Themes
trade
economics
agriculture
policy
prices
Mood
analytical
neutral
Type
economic
policy
When to use this quote
- export markets
- domestic farming
- tariff negotiations
- price forecasting
Key Concepts
comparative advantage
market integration
price transmission
Questions to Reflect On
- How do port policies influence local farmers?
- What other variables affect corn prices?
A Different Perspective
May overlook other factors like subsidies or transport costs.
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