The American Commercial Policy Three Historical Essays
The American Commercial Policy Three Historical Essays
Rabbeno, Ugo, 1863-1897
The book The American Commercial Policy Three Historical Essays was written by author Rabbeno, Ugo, 1863-1897 Here you can read free online of The American Commercial Policy Three Historical Essays book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The American Commercial Policy Three Historical Essays a good or bad book?
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Digitized by VjOOQIC 246 THE AMERICAN COMMERCIAL POLICY essay ii In this period, therefore, the interests of capitalists and landed proprietors are in opposition, since free-trade aids the former in reducing the price of provisions, and hence in reduc- ing also the land rdnt accruing to the latter.^ These observations apply to old countries, and above all to Europe, where protectionism is chiefly agricultural, and where the protection of manufactures is therefore more difficult to explain, if i...t is not looked upon as a compensation granted to manufacturers for agrarian protection. In fact, free-trade must be — and has been in several countries for some time past — strenuously resisted by the landowners, whose interests it injures; and then the capitalists, whose condition becomes ever more critical with the enhancement of returns and the ceaseless diminution of profits owing to industrial depression, and who, moreover, are adversely affected by agricultural pro- tection, grasp at industrial protection as an lUtima ratio, for, by limiting production and accumulation, it tends, as we have already pointed out, to raise a last buttress against the fell of profits.
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