| Title | : | Speech of Hon. J. Hart Brewer, of New Jersey: In the House of Representatives, Tuesday, May 6, 1884 (Classic Reprint) |
| Author | : | |
| Rating | : | |
| ISBN | : | 1331454263 |
| ISBN-10 | : | 9781331454267 |
| Format Type | : | Paperback |
| Number of Pages | : | 36 |
| Publication | : | First published July 15, 2015 |
Excerpt from Speech of Hon. J. Hart Brewer, of New Jersey: In the House of Representatives, Tuesday, May 6, 1884
The free-traders point to the destructive effect of the war tariff of 1812, which unduly stimulated and then inevitably depressed the coun try. They assume this to be a pregnant illustration of the truth, other wise logically deduced by them, as to the reaction sure to follow an arti ficial stimulus given to any department of trade. The protectionists declining to defend the war duties as applicable to a normal condition, find in the too sudden dropping of war rates the mistake which precipi tated the country into financial trouble. Depression, they say, would naturally have come; but it was hastened and increased by the mcon siderate manner in which the duties were lowered 111 1816. From that time onward the protectionists claim that the experience of the country has favored their theories of revenue and financial administration. The country did not revive or prosperity reappear until the protective tariff of 1824 was enacted. The awakening of all branches of industry by that act was further promoted by the tariff of 1828, to which the protection ists point as the perfected wisdom of their school. Mr. Clay publicly asserted that the severest depression he had witnessed in the country was during the seven years preceding the tariff of 1824, and that the highest prosperity was during the seven years following that act.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The free-traders point to the destructive effect of the war tariff of 1812, which unduly stimulated and then inevitably depressed the coun try. They assume this to be a pregnant illustration of the truth, other wise logically deduced by them, as to the reaction sure to follow an arti ficial stimulus given to any department of trade. The protectionists declining to defend the war duties as applicable to a normal condition, find in the too sudden dropping of war rates the mistake which precipi tated the country into financial trouble. Depression, they say, would naturally have come; but it was hastened and increased by the mcon siderate manner in which the duties were lowered 111 1816. From that time onward the protectionists claim that the experience of the country has favored their theories of revenue and financial administration. The country did not revive or prosperity reappear until the protective tariff of 1824 was enacted. The awakening of all branches of industry by that act was further promoted by the tariff of 1828, to which the protection ists point as the perfected wisdom of their school. Mr. Clay publicly asserted that the severest depression he had witnessed in the country was during the seven years preceding the tariff of 1824, and that the highest prosperity was during the seven years following that act.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.