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Essay

Policy Proposal for the 18th-Century British Textile Crisis

Imagine you are an economic advisor to a member of the British Parliament in 1720. Domestic wool and silk producers are facing severe economic hardship due to the immense popularity of inexpensive, brightly-printed cotton fabrics imported from India. You have been tasked with drafting a policy proposal to address this situation. Your proposal must:

  1. Identify the core economic problem facing the domestic industries.
  2. Propose two distinct government actions to mitigate the problem.
  3. For each proposed action, provide a clear economic justification and predict one significant potential negative consequence for a different group within British society (e.g., consumers, merchants, etc.).

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Updated 2025-10-04

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