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To: Oeconomicus who wrote (134545)	11/10/2001 5:38:50 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

rd, name calling is a lot easier than answering hwat hamilton meant by... >>On the other hand, it will be equally forgotten that the vigor of government is essential to the security of liberty; that, in the contemplation of a sound and well-informed judgement, their interests can never be separated; and that a dangerous ambition more often lurks behind the specious mask of zeal for the rights of the people than under the forbidding appearance of zeal for the firmness and efficiency of government. History will teach us that the former has been found a much more certain road to the introduction of despotism than the latter, and that of those men who have overturned the liberties of republics, the greatest number have begun their career by paying an obsequious court to the people, commencing demagogues and ending tyrants." Hamilton, The Federalist Papers, No. 1.<<

To: Oeconomicus who wrote (134545)	11/10/2001 9:53:34 PM
From: craig crawford	Read Replies (2) \| Respond to of 164684

so are you "honored" to stand with hamilton and other "great American liberals" on the idea of a protective tariff or not? Protective Tariffs iberia.vassar.edu Tariffs had been a key political issue throughout the nineteenth century, with industrial and Northeastern interests generally in favor, farmers usually opposed. The principles involved had been established by Alexander Hamilton, the nation's first Secretary of the Treasury. High import tariffs, paid by overseas manufacturers who wanted access to U.S. markets for such products as textiles, tin plate, china, and sugar, gave an advantage to U.S. manufacturers and provided revenue for the federal Treasury. Critics argued that American consumers paid higher prices for the necessities of life, because tariffs established a high "floor" price and enhanced industrialists' profit, rather than helping workers. Tariff myhistory.org On December 5, 1791, Hamilton submitted to Congress his Report on Manufactures in which he set forth his systematic vision of how the country should develop economically. In it he called for protective tariffs to foster American industry. Although this report, in retrospect, was the work of a man who saw the economic future more clearly than any of his contemporaries, Congress ignored it at the time and continued to set tariffs based solely upon the ebb and flow of political pressure.