The Tariff Protection Vs Free Trade

Cover The Tariff Protection Vs Free Trade
The Tariff Protection Vs Free Trade
Abbot Kinney
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The curious thing about it is that the manual labor classes have profited the most by their countries prosperity, and the only classes who have suffered have been the monopolist land hold- ers, heriditary nobles and their tenants etc. Even these have only suffered recemly and doubtless the tenants troubles will deliver them from the present land system and give them a chance for an independence and prosperity they have never yet enjoyed.
Mr. David A. Wells gives some figures on the compara- tiv
...e condition of the English people in 184o and in 188G etc. Free trade was adopted in 1848. His statements are as fol- lows: Crime and pauperism have diminished in England.
The income of the capitalist class increased from $950, 000, 000 to 2, 000, 000, 000 or 100 per cent. But at the same time the number of the capitalist class increased so rapidly that the increase of capital to each individual of the class was ^nly 15 per cent. The income of the upper and middle classes from working increased from $770, 000, 000 to $1, 600, 000, 000 or about 100 per cent.


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