The Fall of Protection 1840 1850

Cover The Fall of Protection 1840 1850
The Fall of Protection 1840 1850
Holland, Bernard Henry, 1856-1926
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If such be the case, they say that we shall have access to you for those articles whatever may be the terms of our own tarifif. " In international commerce the country which sup- plies necessaries of existence has an advantage in bargaining over the country which supplies articles of manufacture. The mercantile Tyrians had to make peace with Judca because Judea supplied Tyre with food. Canada, in our own day, with her yet almost virgin soil, is beginning to have the same advantage over the Unit...ed States of America.
Another argument, more subtle and less suited to popular use, was intended to show that, even if other nations followed not our example, this would not matter. It rested on the doctrine that in some form or another all imports must be paid for by exports. If we allowed corn and other raw produce to How freely into England it must be paid for by exports of our manu- factured goods, not, however, sent necessarily directly to the country from which the corn came. The Earl of Clarendon worked out this argument in a speech made in the House of Lords on the 13th June, 1844.


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