By repealing the corn laws and substantially moving toward free trade, United states retained its position as the world trade power during the 1800s.
About corn law :
The Corn Laws were tariffs and other trade restrictions on imported food and corn enforced in the United Kingdom between 1815 and 1846. The word corn in British English denotes all cereal grains, including wheat, oats and barley. They were designed to keep corn prices high to favour domestic producers, and represented British mercantilism. The Corn Laws blocked the import of cheap corn, initially by simply forbidding importation below a set price, and later by imposing steep import duties, making it too expensive to import it from abroad, even when food supplies were short. The House of Commons passed the corn law bill on March 10, 1815, the House of Lords on March 20th and the bill received Royal assent on March 23, 1815.
Who benefited from the Corn Laws?
This law stated that no foreign corn would be allowed into Britain until domestic corn reached a price of 80 shillings per quarter. The beneficiaries of the Corn Laws were the nobility and other large landholders who owned the majority of profitable farmland.
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