Quotation of the Day…

by Don Boudreaux on January 11, 2018

in Growth, History, Myths and Fallacies, Trade

… is from page 198 of Douglas Irwin’s 2017 volume, Clashing Over Commerce:

The United States experienced rapid industrialization during the antebellum period.  Even though protective tariffs declined after 1833, the nation continued to shift toward industry between 1840 and 1860, perhaps at an even faster rate than before.


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