I would like to choose The Impact of Free Trade in Britain in 19th Century be my topic. At first, I will talk about the history and situation in Britain in 19 century. The 19th century was a major turning point in British economic policy since modern times, it was bringing Britain into the economic heyday. Britain was among the first countries to implement free trade policy and it was the most powerful in the 19th century industrial countries.
Second, the free trade impact the Great Britain, other European countries and even the world. The implementation of the free trade policy promoted the development and prosperity of British capitalism and made the industrial bourgeoisie gain the exclusive political domination. Free trade’s success led the Britain people increased their living standard, and it was also leading Britain to the golden age.
Third, the failure of free trade in Britain. The free trade was not perfect, because different countries have different development stages and trade policies. Free trade was the cornerstone of British economic policy and the economic philosophy that led Britain to world domination in the 19th century. Tariffs and colonial independence were the causes of the failure of free trade, it made Britain started to decline.
In conclusion, I will talk about the Britain’s history, free trade’s effect in Britain and European countries, and the reason of Britain’s free trade was fail, then what idea can fix the problem. I found one book can reference to my proposal paper, Nineteenth-Century Britain. It was written by Christopher Harvie and H. C. G. Matthew. I will find more book to use in my paper.