Abraham Lincoln Protectionist Washington Introduced the American System of Pro

Cover Abraham Lincoln Protectionist Washington Introduced the American System of Pro
Abraham Lincoln Protectionist Washington Introduced the American System of Pro
George B Curtiss
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Effort is required to cook and prepare food for the table. To trace to the bottom the cost price of every commodity, to the consumer, we find that it constitutes net spendable income.
This great economic principle goes to the root of the controversy. It was by the exchange of the produce of the American farm for domestic manufac- tures that the American people had accu- mulated their wealth and reached the stage of development which they en- joyed. It was by such internal trade that the State o
...f Massachusetts alone, in 1840, consumed of the food products and raw materials of other States an amount 22 worth $40, 000, 000. Five million dollars' worth of raw cotton, produced by the State of South Carolina, exchanged for $5, 000, 000 worth of manufactured goods made in the State of Virginia, would have added $10, 000, 000 to the spendable incomes of the people of the two States; but $5, 000, 000 worth of cotton exported to England and exchanged for a like value of manufactured goods made there would have added $5, 000, 000 to the spend- able income of South Carolina and $5, - 000, 000 to the spendable income of Eng- land.

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