Posted by KEH on April 17, 2018 at 05:40:51 from (64.53.75.200):
In Reply to: Re: Tariff Question posted by rrlund on April 17, 2018 at 04:42:28:
The US has had mixed results with tariffs. In the early 1800s industry was just getting started in the US and England, where the Industrial Revolution started, could manufacture goods cheaper than the US could. Tariffs were proposed to protect US industry which was just getting started in some Northern states. Southern states had little industry and wanted to sell farm products, chiefly cotton, to English textile mills and buy cheaper manufactured goods, including steel farming tools. On the other hand western interests wanted government money spent on "Internal Improvements"like roads and canals to improve transportation. Tariffs became ever higher ending with the so called "Tariff of Abomonations." Tariffs became one of the causes of the Civil War. After the Civil War the South became more industrialized and was more receptive to tariffs. About 1930 there was the Hawley-Smoot Tariff which charged very high tariffs and was one of the causes of the Great Depression. Since then the US has generally favored free trade.
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