Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: BroJoeK
This assumes that, in a normal course of events, Congress would do nothing to improve competitiveness of Northern ports. Matching Confederate rates would be a simple step.

This overlooks the fact that those protectionist tariffs were imposed because the Northern manufacturing did not compete very well with English and European manufacturing in a free trade market.

Congress could not magically wish those economic realities away.

420 posted on 07/07/2016 7:24:15 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
[ Post Reply | Private Reply | To 412 | View Replies ]


To: DiogenesLamp
DiogenesLamp: "This overlooks the fact that those protectionist tariffs were imposed because the Northern manufacturing did not compete very well with English and European manufacturing in a free trade market.
Congress could not magically wish those economic realities away."

Then, as now, US workers were generally the best paid workers in the world, making US produced goods relatively expensive.
But US tariffs went up & down every few years going all the way back to the beginning, around 1792.
At their highest, tariffs averaged around 35% in the 1830s, under president Andrew Jackson and Vice President Calhoun -- the "tariff of abominations".

At their lowest since then, tariffs reached 13% in 1840 and again 15% in 1860.
Confederate tariffs averaged around 15%.

Point is: for political as well as economic reasons, US tariffs went up & down, without causing major disruptions to either the economy or political alignments.

486 posted on 07/10/2016 5:38:47 AM PDT by BroJoeK (a little historical perspective...)
[ Post Reply | Private Reply | To 420 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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