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How successful were Peel’s economic and financial policies during 1841-1846?
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| Submitted: Fri Jun 03 2005
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How successful were Peel's economic and financial policies during 1841-1846? On examining the period of 1841 and 1846 we can assume with regards to Peel's notoriety as "Prosperity Peel" that this was an effect derived from his successful economic and financial reforms. We will discover that these policies appear to act as the foundation for Britain's prosperous years in the 1850s and 1860s. Nevertheless, we will also determine whether or not these policies were truly successful, or in hindsight question whether they should take responsibility for Britain's economic decline at the end of the nineteenth century and beginning of the twentieth century. After winning the 1841 General Election upon the assumption that he would maintain the Corn Laws, he imposed a doctrine of free trade which originated from his opponents. The Whig Report of the Select Committee on Import Duties (1840) recognized the need for tariff reform. Peel...
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