In the mid 18th century the traders
of Britain’s largest tradeoff cities – Glasgow, Manchester and london pleaded
the House of Commons for the closure of all obligations or in other terms, ‘free
trade’. And this has led in 1823 to the Reciprocity of Duties Act, which is a fundamental
advantage, which allowed Britain to sign joint trading arrangements with
foreign powers on an individual base.
But then other out-of-date features of the
Navigation Laws were also cancelled. It was becoming extensively traditional
that the freeing of trade in this way or platform would make goods cheaper to create,
and make them more aggressively competetive in the international marketplace. Which
has led to the increase in exports and prosperity, slowly but surely.