Lot Essay
THE DOCTRINE OF FREE TRADE WAS ENSHRINED IN ADAM SMITH'S 'WEALTH OF NATIONS', PUBLISHED IN 1776. IN 1786 WILLIAM PITT CONCLUDED A TRADE AGREEMENT WITH FRANCE. THE EARLY 19TH CENTURY SAW THE GROWTH OF THE MOVEMENT, WHICH CULMINATED IN THE REPEAL OF THE CORN LAWS IN 1846.