This volume explores the period between Smith’s 1776 The Wealth of Nations and ends in the early days of the Anti-Corn Law League campaign on the eve of the 1841 General Election, which prominently featured contrasting commercial policy options between Conservative and Liberal parties. During this period, we witness the growth of free trade sentiment, with opposition to monopolies like the old Chartered Companies, and attempts to create more liberal bilateral commercial treaties. Most importantly, we see the imposition of the protectionist Corn Laws in 1815 at the behest of a Parliament largely based on the landed interest. Between 1815 and 1846, the Corn Laws become the fulcrum of the entire debate on commercial policy, the ‘keystone in the arch’ of the protective system, and slowly, divisions begin to emerge throughout society and between the political parties, culminating in the formation of the Anti-Corn Law League and their attempt to influence politics via ‘pressure from without’. The sources include printed matter such as the diaries of Lord Colchester; various parliamentary papers on commercial policy; printed correspondence of William Pitt, Lord Melbourne, Joseph Sturge; periodical literature from numerous sources such as the Eclectic Review, and The Oriental Herald. Also included is a considerable body of newspaper material from the Manchester Times, Dundee Advertiser, and The Chartist, reflective of the growing importance of the provinces and manufacturing interests in commercial, and local and national politics.

This volume takes up the story of exacerbated political divisions from 1841 onwards, with a clearer demarcation in political life caused at least partly by commercial policy considerations. Ultimately, the success of free trade policies, implemented by Sir Robert Peel after 1841, saw the reconfiguration of political parties and had lasting effects and impact on party politics. Yet in the period up to 1879, there was a broad consensus on maintaining the free trade settlement of 1846. This period, often seen as a ‘free trade interlude’ book-ended by a far more complex range of opinions, policies, and strategies surrounding commercial policy, was characterised by British manufacturing expansion, deeper penetration of foreign and colonial markets, and the adoption of freer trade policies by foreign nations. Ultimately, none of these developments lasted in the long term. By the end of 1879, commercial policy was again controversial. The type of sources in this volume include correspondence from The Panmure Papers, the Later Correspondence of Lord John Russell, and diary material from Lord Ashley and John Bright. There is also a considerable body of material from newspapers, including the Morning Chronicle, Northern Star, Manchester Guardian, and Liverpool Mercury. Manuscript materials from Richard Cobden, John Benjamin Smith, and Lord John Russell among others are also present.

The period between 1880 and 1914, the subject of this volume, sees increasing questioning of free trade, especially in those sectors impacted adversely by foreign competition, and within political circles, where the notion of protecting native industries shifted from an agricultural to an industrial base. There was a greater willingness, especially in the Conservative party, to consider it as a viable policy. The ‘constituencies’ or interest groups created by free trade however defended it fiercely among the Liberal party and in manufacturing industries, primarily those highly dependent on export markets. Debates on commercial policy in this period had another dimension which had been subsidiary in earlier periods—the colonial empire and the economic, political, and cultural ties with it promoted. The period between 1880 and 1914 was one where the language of empire was at its height and the economic relationship between the Mother Country and the colonies entered political debate in a forceful way. The sources include several petitions from parliamentary papers attacking the system of commercial treaties pursued by the British government. Towards this end, extracts from the journal Fair Trade, and a body of newspaper material detailing extra-parliamentary movements against free trade, from the Leeds Mercury, Glasgow Herald, Pall Mall Gazette, and Daily Mail, are also included. Making the transition to the early twentieth century and the rise of the labour movement, printed sources such as Fabian tracts on tariff reform, as well as material from the International Free Trade Congress, are incorporated.