An English Act of 1663 imposed a duty on grain imported from abroad whenever the domestic price was below a legislatively set price floor. The English farmer enjoyed a virtual monopoly in the domestic market. By the same token, he was allowed to export grain whenever the domestic price exceeded the price floor, and, after 1673, was granted a bounty (subsidy) on grain exports.
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An English Act of 1663 imposed a duty on grain imported from abroad whenever the domestic price was below a legislatively set price floor. The English farmer enjoyed a virtual monopoly in the domestic market. By the same token, he was allowed to export grain whenever the domestic price exceeded the price floor, and, after 1673, was granted a bounty (subsidy) on grain exports.
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Congressional Research Service Reports
The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.