Selections From the Economic History of the United States, 1765-1860 : With Introductory Essays
Selections From the Economic History of the United States, 1765-1860 : With Introductory Essays
Guy Stevens Callender
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This is certainly the case with our tariff history before the Civil War. J It is not going too far to say that no important feature in our eco- nomic development during that period can be attributed unmistakably to tariff legislation. No important industries can be said to have been created or pre- vented from growth by that legislation. Other influences determined the main features of development, and the tariff policy did nothing more than modify them a litde, where it had any effect at all. ...The best evidence of this is the fact that the change from die high duties of the early years to the low duties of the later ones brought no corresponding change in die course of economic development The growth of manufactures continued after the change of policy and was no less rapid than in former years. I The superintendent of the census of i860 declared, "The returns of the Manufactures exhibit a most gratifying increase, and present at the same time an imposing view of the magnitude to which this branch of the national industry has attained within the last decennium." •—' The reasons for the small influence of tariff policy during this period may be found in two circumstances.
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