Word: protectionist
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Dates: during 1930-1939
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...heir to this tradition, "or die." In the rush to catch up to western industrial powers, Germany has tried ever since 1871 to syncopate history. A patron saint among German economists is Friedrich List, who spent seven years in the U. S., learned to admire Alexander Hamilton's protectionist philosophy and went home to write his National System of Political Economy (1841). While Prussia was busy consolidating the German nation by successive wars with Denmark, Austria and France, no one paid much attention to List. But after 1871, he provided justification for what Aggrandizer Bismarck wanted...
...navy on foreign beef." Argentina offers a product at 9 cents; American producers ask 23 cents; the navy begins to buy from Argentina. Obviously a subversive and un-American transaction. . . standard of living doomed . . . Japan; now Argentina. But more important than the patent stupidity involved in such typical protectionist reasoning is the fact that such Congressional utterances constitute destructive opposition to the far-reaching policy of Pan-Americanism...
...more. For their relief and even more for the relief of U. S. ports that felt they were losing harbor business because of red tape, Congress passed the Foreign Trade Zones Act in 1934, making a limited type of free port permissible for the first time in the highly protectionist U. S. Free ports, isolated free trade areas, were once prevalent in Europe, included such cities as Naples, Leghorn, Hamburg, Marseille. Today, sprinkled over the globe from Copenhagen to Curaçao, are some 40 free ports, walled off on the seaward side of customs barriers, where shippers can unload...
...located. He it was who wrote into the Tariff Act of 1909 a 70% ad valorem duty on. imported lace. Because the U. S. could not easily build the amazingly complex lace-making machines that British manufacturers had been making for a century, the famed Rhode Island protectionist thoughtfully included a provision that machines might be imported duty free for a period of 18 months. Hundreds of machines were hastily installed. Because U. S. labor could not run the machines, the New England entrepreneurs had to import skilled French and British operatives. Whenever the lace industry...
...wobbly, uncertain, barking Barkley who a few years ago was taking the Anti-Saloon League's money to make speeches and turned Wet overnight when the Vice-Presidency was dangled before his eyes. Our nominee will beat not one Barkley but four Barkleys-the Free Trade Barkley, the Protectionist Barkley, the Dry Barkley and the Wet Barkley." Nominee Thatcher was born 62 years ago in Chicago-a fact he omits from his Congressional biography which emphasizes his "early life on farm" in western Kentucky. While the Panama Canal was being built he served three years (1910-13) as Civil...