State whether the given statement is True/False

The abolition of the Corn Laws in Britain resulted in the fall of food prices.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
The abolition of the Corn Laws in Britain brought about a fall in food prices. This law permitted the public authorities to restrict the import of corn. However, the industrialists and the metropolitan occupants were so miserable that the high food costs restrained these repeals. After the rejection of the Corn Laws, food imports became less expensive. Consequently, food costs fell, and utilisation in Britain rose. However, British agriculture could not compete with imports, so the broad land areas were left uncultivated, and many individuals were thrown out of their work. Thus they migrated to urban communities. In addition, Britain's modern development expanded quickly, which prompted higher earnings and more food imports.

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