Henry C Carey and the Republican Tariff
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Free Trade by Gordon Bannerman
Free Trade by Gordon Bannerman Exchanging commodities by commercial transaction is one of the most direct forms of transferring cultural and intellectual capital. Historically, however, international trading relationships have been complicated by national rivalries, opposing economic interests, and the desire of nation‐states to protect domestic industries as a guarantee of economic power and military strength. Against these restrictive influences, the acceptance of free trade has varied according to time, place, and circumstance. This article examines the international and ideological trajectory of the idea and considers the structural and economic influences which shaped policy development and outcomes, as well as the historical context within which it occurred. TABLE OF CONTENTS 1. Introduction 2. Early Modern Conceptions of Trade 3. Mercantilism and Liberal Political Economy 4. The Emergence of Free Trade in Europe 5. Repeal of the British Corn Laws 6. The Rise of Free Trade in Europe 7. The Revival of Protection in Europe 8. Free Trade in Decline 9. Conclusion 10. Appendix 1. Sources 2. Bibliography 3. Notes Indices Citation Introduction The notion of free trade in international commerce has a long history, but only in the 18th century did an increasingly liberal view of the practical benefits and economic efficiency of free international commerce emerge in scholarly work. Most notably, The Wealth of Nations (1776) by Adam Smith (1723–1790) (➔ Media Link #ab) saw free international commerce as a prerequisite for the wealth creation of expanding capitalist economies through the division of labour and the removal of artificial barriers to trading relationships. Smith's work was the catalyst for free trade theory, and despite the obstinate survival of protectionism, notably in emerging nation‐ states anxious to protect domestic industries as a guaranty of national strength, free trade theory was increasingly accepted as underpinning progressive, modern policy‐making. -
Calhoun Webster
CALHOUN WEBSTER : AND TWO VISIONS OF THE FEDERAL UNION SOUTH CAROLINA SENATOR JOHN C. CALHOUN SAW THE FEDERAL UNION AS A COMPACT OF STATES. MASSACHUSETTS SENATOR DANIEL WEBSTER SAW IT AS A NATION OF ONE PEOPLE. THEIR DIFFERING VISIONS LED TO HISTORIC DEBATES, BUT UNDERLYING THEM ALL WAS THE QUESTION OF SLAVERY. The intent of the writers of the Calhoun also pursued a career in Constitution was to create a politics. He was elected to the U.S. stronger central government than House of Representatives in 1810 and Library of Congress of Library existed under the old Articles of was the chief deputy of Speaker of John C. Calhoun (1782–1850), who served Confederation. During the ratifica- the House Henry Clay. Calhoun was as vice president, U.S. senator, and tion of the Constitution, many ex- a strong nationalist who pushed for member of Congress in his long political pressed fears the federal war against Britain in 1812. career, was the leading advocate for states’ rights. government would expand its pow- After the war, Calhoun sup- ers at the expense of the states. ported Henry Clay’s “American Sys- to the South, such a majority might The Bill of Rights, in the form of tem,” which called for Congress to someday vote to abolish slavery. 10 amendments, was added to the fund roads, canals, ports and other These developments changed Cal- Constitution to further limit the pow- national improvements. In 1816, he houn from a nationalist to an advo- ers of the federal government. The voted for a tariff (a tax on foreign cate for states’ rights. -
1. the Damnation of Economics
Notes 1. The Damnation of Economics 1. One example of vice-regal patronage of anti-economics is Canada’s ‘Governor General’s Award for Non-Fiction’. In 1995 this honour was bestowed upon John Raulston Saul’s anti-economic polemic The Unconscious Civilization (published in 1996). A taste of Saul’s wisdom: ‘Over the last quarter-century economics has raised itself to the level of a scientific profession and more or less foisted a Nobel Prize in its own honour onto the Nobel committee thanks to annual financing from a bank. Yet over the same 25 years, economics has been spectacularly unsuc- cessful in its attempts to apply its models and theories to the reality of our civili- sation’ (Saul 1996, p. 4). See Pusey (1991) and Cox (1995) for examples of patronage of anti-economics by Research Councils and Broadcasting Corporations. 2. Another example of economists’ ‘stillness’: the economists of 1860 did not join the numerous editorial rebukes of Ruskin’s anti-economics tracts (Anthony, 1983). 3. The anti-economist is not to be contrasted with the economist. An economist (that is, a person with a specialist knowledge of economics) may be an anti- economist. The true obverse of anti-economist is ‘philo-economist’: someone who holds that economics is a boon. 4. One may think of economics as a disease (as the anti-economist does), or one may think of economics as diseased. Mark Blaug: ‘Modern economics is “sick” . To para- phrase the title of a popular British musical: “No Reality, Please. We’re Economists”’ (Blaug 1998, p. -
INFORMATION to USERS the Most Advanced Technology Has Been Used to Photo Graph and Reproduce This Manuscript from the Microfilm Master
INFORMATION TO USERS The most advanced technology has been used to photo graph and reproduce this manuscript from the microfilm master. UMI films the text directly from the original or copy submitted. Thus, some thesis and dissertation copies are in typewriter face, while others may be from any type of computer printer. The quality of this reproduction is dependent upon the quality of the copy submitted. Broken or indistinct print, colored or poor quality illustrations and photographs, print bleedthrough, substandard margins, and improper alignment can adversely affect reproduction. In the unlikely event that the author did not send UMI a complete manuscript and there are missing pages, these will be noted. Also, if unauthorized copyright material had to be removed, a note will indicate the deletion. Oversize materials (e.g., maps, drawings, charts) are re produced by sectioning the original, beginning at the upper left-hand comer and continuing from left to right in equal sections with small overlaps. Each original is also photographed in one exposure and is included in reduced form at the back of the book. These are also available as one exposure on a standard 35mm slide or as a 17" x 23" black and white photographic print for an additional charge. Photographs included in the original manuscript have been reproduced xerographically in this copy. Higher quality 6" x 9" black and white photographic prints are available for any photographs or illustrations appearing in this copy for an additional charge. Contact UMI directly to order. UMI University Microfilms International A Bell & Howell Information Company 3 00 Nortfi Z eeb Road, Ann Arbor, Ml 48106-1346 USA 313/761-4700 800/521-0600 Order Number 9011133 Sudden leaps: The young Alfred Marshall Butler, Robert William, Ph.D. -
Economics - Czech Republic Turnovec, Frantisek
www.ssoar.info Economics - Czech Republic Turnovec, Frantisek Veröffentlichungsversion / Published Version Sammelwerksbeitrag / collection article Zur Verfügung gestellt in Kooperation mit / provided in cooperation with: GESIS - Leibniz-Institut für Sozialwissenschaften Empfohlene Zitierung / Suggested Citation: Turnovec, F. (2002). Economics - Czech Republic. In M. Kaase, V. Sparschuh, & A. Wenninger (Eds.), Three social science disciplines in Central and Eastern Europe: handbook on economics, political science and sociology (1989-2001) (pp. 50-64). Berlin: Informationszentrum Sozialwissenschaften. https://nbn-resolving.org/urn:nbn:de:0168- ssoar-278768 Nutzungsbedingungen: Terms of use: Dieser Text wird unter einer CC BY Lizenz (Namensnennung) zur This document is made available under a CC BY Licence Verfügung gestellt. Nähere Auskünfte zu den CC-Lizenzen finden (Attribution). For more Information see: Sie hier: https://creativecommons.org/licenses/by/4.0 https://creativecommons.org/licenses/by/4.0/deed.de 50 František Turnovec Economics - Czech Republic1 Discussant: Jiří Havel Introduction Until the 1989 “Velvet Revolution”, Czechoslovakia was one of the most conservative socialist countries. Even compared to other former socialist countries in Central Europe, the Czechoslovak economy was exceptional in etatization, with only 4% of GDP produced by the private sector (and 10% produced by the cooperative sector) in 1989. After a promising discussion in the 1960s and then the defeat of the Prague Spring at the end of the 1960s, no significant experiments with the liberalization of the economic and political system were implemented in the 1970s and 1980s, and the rigid party nomenclature running the country had to live with the legacy of post-1968 normalization, when the more liberal segments of the Communist Party and of the Czechoslovak political and intellectual establishment were eliminated, expelled from the country, or isolated and persecuted for two long decades. -
Senate 6761 4864
1932 CONGRESSIONAL RECORD-SENATE 6761 4864. By Mr. LINDSAY: Petition of Nichols Copper Co., sentatives of the wholesale and retail merchants, bankers, Laurel Hill, Long Island, N. Y., favoring the passage of and manufacturers of Williamson, W. Va., urging that Con House Resolution 319; to the Committee on Ways and Means. gress enact legislation providing that bus and truck lines be 4865. Also, petition of Warrior Ideal Democratic Organiza placed under the rules and regulations and direction of the tion, 9 Seigel Street, Brooklyn, N. Y., favoring a universal Interstate Commerce Commission; to the Committee on 5-day week; to the Committee on Labor. Interstate and Foreign Commerce. 486ft Also, petition of Louis Brosky, 213 Kent Street, 4884. By Mr. STALKER: Petition of members of the Brooklyn, N.Y., executive secretary of the Unemployed and Woman's Christian Temperance Union of Washington, D. C., Unattached Veterans of Greenpoint, Brooklyn, N.Y., favor opposing the resubmission of the eighteenth amendment to ing the immediate payment of the adjusted-service certifi be ratified by State conventions or by State legislatures, cates, House bill. 1; to the Committee on Ways and Means. and supporting adequate appropriations for law enforce 4867. By Mr. NELSON of Maine: Petition of George S. ment and for education in law observance; to the Committee Staples and 86 other citizens of Maine, urging support for on the Judiciary. House bill 9891, to provide pensions for certain railroad 4885. Also, petition of residents of Hornell, N. Y., protest employees; to the Committee on Interstate and Foreign Com ing against compulsory Sunday observance; to the Com merce. -
Iamerican Crseciprocal Trade ^Agreement of 1874: Ia Pennsylvania^ S "View
c The Canadian-<iAmerican Rseciprocal Trade ^Agreement of 1874: iA Pennsylvania^ s "View wo issues that attracted a good deal of public attention in nineteenth-century America were tariffs and Canadian- TAmerican foreign relations. Protectionists and free traders chose up opposing sides on the first question; the dividing line for the second fell between expansionists who sought the annexation of Canada and those who preferred that these two nations live as independent, peaceful neighbors.1 While these issues were separable, it also happened that they became intertwined on several occasions, most notably when reciprocal trade agreements were proposed as a means of governing trade between the United States and Canada. Those who sought annexation supported such agreements, because they offered economic penetration of Canadian markets as a substi- tute for forcible conquest of that country.2 Protectionists, on the other hand, opposed them, but not because they feared that free 1 There is, of course, a wide variety of sources (and views) on Canadian-American rela- tions. See, for example, Hugh Aitlcen, "The Changing Structure of the Canadian Economy, with Particular Reference to the Influence of the United States," in The American Impact on Canada, Hugh Aitken, ed. (Durham, N. C, 1959); Harold Innis, Essays in Canadian Economic History (Toronto, 1962); American Assembly, The United States and Canada (Engle- wood Cliffs, N. J., 1964); and Gerald Craig, The United States and Canada (Cambridge, Mass., 1968). 2 Two specific examples of reciprocal-trade agreements between Canada and the United States are an 1855-66 treaty and an agreement proposed in 1902. -
The Counterproductivity of Protectionist Tariffs
Liberty University Journal of Statesmanship & Public Policy Volume 1 Issue 2 Article 8 January 2021 The Counterproductivity of Protectionist Tariffs David Korn Liberty University Follow this and additional works at: https://digitalcommons.liberty.edu/jspp Part of the American Politics Commons, and the International Relations Commons Recommended Citation Korn, David (2021) "The Counterproductivity of Protectionist Tariffs," Liberty University Journal of Statesmanship & Public Policy: Vol. 1 : Iss. 2 , Article 8. Available at: https://digitalcommons.liberty.edu/jspp/vol1/iss2/8 This Research Article is brought to you for free and open access by Scholars Crossing. It has been accepted for inclusion in Liberty University Journal of Statesmanship & Public Policy by an authorized editor of Scholars Crossing. For more information, please contact [email protected]. Korn: The Counterproductivity of Protectionist Tariffs Introduction Protective tariffs have been a part of fiscal policy since the inception of the United States. They have been tried in many historical contexts and stages of technological development. While protective tariffs benefit the protected industries by shielding them from foreign competition, they have consistently damaged domestic economies as a whole, regardless of their implemented setting. Resources that would have been used for improving domestic economies are diverted towards industries less efficient than their foreign competitors. Proponents of protectionist tariffs, like Franklin D. Roosevelt, often claim domestic markets need shielding from unfair competition, but whenever they are implemented, instead of bolstering domestic industry, the U.S. economy is slowed. The Creation of Protectionist Tariffs Early United States history reflects the side effects of protectionist tariffs. As a fledgling country, the U.S. -
Tariff Politics and Congressional Elections: Exploring the Cannon Thesis Andrew J. Clarke* University of Virginia Andrewclarke@V
Tariff Politics and Congressional Elections: Exploring the Cannon Thesis Andrew J. Clarke* University of Virginia [email protected] Jeffery A. Jenkins University of Virginia [email protected] Kenneth S. Lowande University of Virginia [email protected] While a number of studies have examined the politics of tariff decision making in the United States, little work has examined the subsequent political effects of tariff policy. We help fill this gap in the literature by analyzing—both theoretically and empirically—the electoral implications of tariff revision. Specifically, we investigate the veracity of the Cannon Thesis – the proposition advanced by Speaker Joe Cannon in 1910 that the majority party in the U.S. House was punished when it made major revisions to the tariff. We find that from 1877 to 1934, major tariff revisions were, on average, associated with a significant loss of votes for majority-party members – both regionally and nationally – that translated into a loss of House seats. We find support for the notion that major tariff revisions generated inordinate uncertainty among various business interests, which the opposition party could then use (by leveraging fear and market instability) to mobilize its base and gain ground in the following election. Our results provide a new explanation for the delegation of tariff policymaking to the Executive branch. *All authors were equal contributors. Paper presented at the 2014 Annual Meeting of the Congress & History Conference, University of Maryland. We thank Richard Bensel and Chuck Finocchiaro for comments. Introduction The tariff – and international trade more generally – has been among the most contentious issues in American politics since the Nation’s inception. -
US History April 13 Th – 17Th Mr. Maiorano's Office Hours Via Zoom
8th Grade History: US History April 13th – 17th 8th Grade History: US History April 13th – 17th Time Allotment: 30 minutes per day Mr. Maiorano’s Office Hours via Zoom: Period 1: Monday and Wednesday from 10:00am – 10:50am Period 2: Monday and Wednesday from 11:00am – 11:50am Period 6: Tuesday and Thursday from 1:00pm – 1:50pm Mr. Growdon’s Office Hours via Zoom: Period 3: Monday and Wednesday from 1:00pm – 1:50pm Period 4: Tuesday and Thursday from 10:00am – 10:50am Student Name: ________________________________ Teacher Name: ________________________________ 1 8th Grade History: US History April 13th – 17th Packet Overview Date Objective(s) Page Number Monday, 1. DAY OFF 3 April 13th Tuesday, 1. Explain how the Tariff Debate became a debate about State 3 April 14th and Federal Power. Wednesday, 1. Describe the major arguments for and against the 8 April 15th nullification of Tariffs from the Webster-Hayne Debate Thursday, 1. Explain why Jackson disagrees with Chief Justice John 15 April 16th Marshall on the Worcester vs. Georgia Case Friday, 1. Quiz: Jackson on Tariff Debate, and Indian Removal Act 27 April 17th Additional Notes: As we enter another week of Remote Learning, take some time to reflect on the lyrics of our school song, “The Minstrel Boy” The minstrel boy to the war is gone The Minstrel fell! But the foeman's chain In the ranks of death you'll find him Could not bring that proud soul under His father's sword he hath girded on The harp he lov'd ne'er spoke again And his wild harp slung behind him For he tore its chords asunder "Land of Song!" cried the warrior bard And said "No chains shall sully thee (Should) "Tho' all the world betrays thee Thou soul of love and brav'ry One sword, at least, thy rights shall guard Thy songs were made for the pure and free One faithful harp shall praise thee!" They shall never sound in slavery Academic Honesty I certify that I completed this assignment I certify that my student completed this independently in accordance with the GHNO assignment independently in accordance with Academy Honor Code. -
Michael Perelman
MICHAEL PERELMAN The Perverse Imbalances between Town and Country Introduction At a time when environmental constraints are becoming increasingly obvious, understanding the disconnect between town and country becomes urgent. In early 2000 after having worked for a number of years on The Invention of Capitalism (Perelman 2000), a book devoted to the classical political economists' enthusiasm for primitive accumulation -- the brutal confiscation of resources traditionally belonging to poor people in the countryside -- I was attending the annual economics meetings in Boston. I found myself repeatedly looking out my hotel window at an office building across the street. I wondered what all those people were doing, whether sitting at their desks or moving about. I could not help asking myself what these people might actually be contributing to the economy. Some probably earned modest incomes, but the people ordering them around must be paid very well. As I continued to look into the office building, I continued to think about the glaring inversion of priorities -- low-paid, low-status caregivers for the elderly, alongside great windfalls for hedge fund managers. These disparities between the town and the countryside set my mind flashing back to the farm workers back home in California. I could not help but contrast the conditions of the people in the comfortable offices with those of the workers picking tomatoes in the sweltering heat of the Central Valley. These meditations led me to formulate what I called the farmworker paradox -- the idea that market economies underprice the most essential goods and services; moreover, that the people who do the most essential work get paid the least. -
Sectionalism and Nationalism
World Class Education www.kean.edu 1 Topic 2 2 Loyalty to one’s state, region, or locality as opposed to a national orientation Emphasis on protecting local economic and social interests Seek control of the federal government to foster sectional interests Especially strong in the South 3 Northeast – the states of New England / Middle Atlantic region – industrializing region – textiles, leather goods, iron manufacturing, machinery – new factory system of production West – central and northwestern states / territories - small farms –food crops for home and larger market South – southern states / the Cotton South – plantations, exporter of cash crops – “King Cotton” – Eli Whitney’s cotton gin revolutionizes cotton processing technique –expansion of cotton production and slavery 4 Protective Tariff Second Bank of the United States Internal Improvements Land Policy Territorial Expansion Expansion of Slavery The Meaning of the Constitution States Rights v. Federalism 5 1816 - first protective tariff 1824 - South fails to stop increased tariff “Tariff of Abominations” – 1828 South Carolina Exposition and Protest (1828) Webster-Hayne Debate (1830) Nullification Crisis: Jackson v South Carolina Compromise Tariff of 1833 6 7 Defense of the doctrine of States’ Rights Sovereignty of the individual states Limited power of the central (federal) government 8 Created by the People Constitutional issues to be settled by the Supreme Court not an individual state No right to nullification and secession 9 Created by Congress, 1816 Modeled