A Short Tariff History of the United States, From the Earliest to the Present Time

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This evil would have vanished had appropriate laws been passed to secure to the people the full advantages and benefits of their home market. As this history advances, it will be seen that a craze for rashly adventurous spec- ulation was a salient feature of every period cursed with free trade principles, and that its extent was greatest when the amount of protection was least. When the avenues to solid business enterprise are obstructed or closed, the restless activity of the human mind seeks
...a vent in all other directions; for it will sink down into stagnation only through compulsion. So soon as the 40 UNDER THE COIfFEDEJJATIOB'.
government provides it with the bulwarks of safety, it turns with zeal, vigor, and persistence to legitimate undertakings.
CHAPTER V.
UNDEB THE CONFEDEKATIOlSr — CONTINUED.
In every quarter of the Confederation the same scenes of distress and demoralization were to be wit- nessed. A common cause of disaster had produced a common affliction. The newspapers jn all the States teemed with discussions of proposed remedies for the destructiye consequences which had fallen upon the character of the country, and upon the prosperity and happiness of its citizens.


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