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To: Academiadotorg
My recollection is Hamilton advocated moderately protectionist tariffs. In those days the only issue was the amount of the tariff because that was over 90% of the revenue that funded the federal government - there was no income tax.

I'd hardly call that subsidies for industry or advocacy of big government.

6 posted on 05/11/2015 11:15:49 AM PDT by colorado tanker
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To: colorado tanker
My recollection is Hamilton advocated moderately protectionist tariffs. In those days the only issue was the amount of the tariff because that was over 90% of the revenue that funded the federal government - there was no income tax.

That is correct, and he did so because he recognized that the US could never become a manufacturing power if its fledgling industries were undersold by established British industries with the weight of the British.

The main conflict between Federalists (later Republicans) and anti-Federalists from the late 18th until the early 20th century was tariffs/trade protection vs. free trade. Trying to retroject today's political issues (and especially parties) into that debate is mostly pointless.

8 posted on 05/11/2015 11:18:55 AM PDT by ek_hornbeck
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