Yeah, right. Worked for New York. How'd that happen?
You called me a "hamiltonophobe" [sic].....now how could anyone be, with such a scintillating statement as your above quote floating in the air before him?
Sorry but I don't grasp your meaning.
Any honest analysis of the Hamiltonian tariff and "internal improvements" system, which was implemented throughout the 1820's and early 1830's and returned briefly in the mid 1840's, indicates it was a dismal failure with basically two results: lining the pockets of fat cat recipient industries and making their production techniques lazy and inefficient. The American iron industry in 1830 was 50 years behind Britain in technology and was actually reverting to production techniques used in the 1780's rahter than modernizing. Similar things happened in woolens, textiles and most other major manufacturing industries.