Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: Gianni
There's plenty of evidence. Fakeit simply does not desire to acknowledge it because he knows he's got nothing to counter it with.

Exhaustive studies have been conducted on the three primary beneficiaries of protection in the early 19th century: bar iron, cotton textiles, and woolens. In all three cases it has been concluded that protectionism flat out failed to achieve what was claimed as its goal, viz. the stimulation of American industrial development in those sectors. Textiles and woolens both received no discernable stimulation and iron actually saw its production made comparably less efficient as protection delayed the implementation of the previous half century of technological advances in the smelting process.

1,733 posted on 11/29/2004 5:21:28 PM PST by GOPcapitalist ("Marxism finds it easy to ally with Islamic zealotism" - Ludwig von Mises)
[ Post Reply | Private Reply | To 1727 | View Replies ]


To: GOPcapitalist

If you are referring to Taussig's conclusions you are not doing so with accuracy since cotton and woolen manufactures were greatly expanded by the restriction on imports imposed by Jefferson then protected by tariffs. Woolens were given only "very moderate encouragement" because of the lack of a minimum valuation.

Taussig's conclusion wrt to the tariff is that it was probably unnecessary for this nation's transition to manufacturing. But one of the two reasons for this result was that the period of restriction (Jefferson's Embargo and the War of 1812) "effectually prepared the way for such a transition." Exclusion of imports is the most severe way of protecting infant industries.


1,794 posted on 11/30/2004 2:47:21 PM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
[ Post Reply | Private Reply | To 1733 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson