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To: justshutupandtakeit
Equivalent in protecting American industry from competition. Or similiar if you would prefer. Not identical nor using the same methods but the exclusion of imports forced American consumers to buy American.

...yet one was intended as a wartime policy and the other was not. The one intended as a military policy is also said to have accomplished something that the other purported to do but in fact did not.

As I noted previously, the fact that the protectionist tariffs compare UNFAVORABLY to the 1808 Embargo Act - a policy that virtually everybody recognizes to have done more harm than good - is more than enough to relegate them to the ash heap of history.

2,073 posted on 12/02/2004 9:35:18 AM PST by GOPcapitalist ("Marxism finds it easy to ally with Islamic zealotism" - Ludwig von Mises)
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To: GOPcapitalist

The Embargo was not a "war-time" policy but rather a policy to avoid war. And it was more successful than protection because it was the ultimate in protection.

Jefferson's action was not well though out which is why it was condemned. It destroyed the livelihood of whole sections without having any idea of how to ameliorate its damage. But he was a terrible president in almost every area so it is hardly a shock to see such brainlessness.


2,083 posted on 12/02/2004 9:48:26 AM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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