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To: GOPcapitalist

Tariffs killed off little if any exports from the North.

Hamilton was SecTreas by 1789 and was an important part of formulating financial policy from the being. His Report was not adopted.


128 posted on 11/19/2004 12:48:08 PM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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To: justshutupandtakeit
Tariffs killed off little if any exports from the North.

Wrong as usual. After the 1861 Morrill Tariff, trade as a whole out of the port of New York halved. Northern commodities were never a substantial source of exports to begin with though.

Hamilton was SecTreas by 1789 and was an important part of formulating financial policy from the being. His Report was not adopted.

Wrong. The bounties in Hamilton's report were defeated. The tariff adjustments were not and almost every single one of them was implemented in the 1792 Tariff act.

132 posted on 11/19/2004 1:21:24 PM PST by GOPcapitalist ("Marxism finds it easy to ally with Islamic zealotism" - Ludwig von Mises)
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