about 1620 to about 1750 · Pre-Revolutionaryspan
Grain stays cheap across Europe for one hundred and thirty years
›Read the full entryClose
Cereal prices across Europe stayed low from about 1620 until about 1750. The fall was one of the marks of the long seventeenth century stagnation, and it reached its sharpest point at the very end of the period, in England, which was then the largest grain exporter of them all. Low bread prices sound like relief and were nothing of the kind for the people who grew the grain. A small farmer sold whatever was left after seed, tithe and rent had been taken out, and when prices were low that remainder bought very little. Landlords in England responded in the 1730s and 1740s by accepting lower rents and more arrears. The same cheap grain fed the towns and the ports, including the ports fitting out ships for the Atlantic trade, and the recovery of prices after 1750 turned the terms of that bargain around again.