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too 100% stupid. When idiotic liberals force consumers to buy the more expensive domestic product they buy less so railroads and autos etc. develop slower, not faster. Do you get it now? Ultra slow??: how the tariffs in the US helped develop the local industry.
.In theory abolishing tariffs is good for the economy. Nevertheless, the US became an industrialized country in spite ( or maybe because of) tariffs. During the first half of the XIX century Great Britain was the most industrialized country.
"Tariffs were the main source of all Federal revenue from 1790 to 1914. At the end of the American Civil War in 1865 about 63% of Federal income was generated by the excise taxes, which exceeded the 25.4% generated by tariffs. In 1915 during World War I tariffs generated only 30.1% of revenues. Since 1935 tariff income has continued to be a declining percentage of Federal tax income."
...
"The lack of imported goods relatively quickly gave very strong incentives to start building several U.S. industries in the Northeast. Textiles and machinery especially grew."
It is notable that the average tariff was particularly high during the gilded age, one of the periods during which the US experienced one of fastest growing rates. During that period the average tariff was 32%.
Tariffs in United States history - Wikipedia the free encyclopedia
Do high duty rates lead to higher employment though? That part is not known for certain.
Do high duty rates lead to higher employment though? That part is not known for certain.
too 100% stupid. When idiotic liberals force consumers to buy the more expensive domestic product they buy less so railroads and autos etc. develop slower, not faster. Do you get it now? Ultra slow??: how the tariffs in the US helped develop the local industry.
Was the US a second class country in 1910 Ed ?Do high duty rates lead to higher employment though? That part is not known for certain.
high duty means domestic industry is protected from competition so becomes second class and makes country second class.
Do you undersdtand?
That means you are calling "idiotic liberal" all of the presidents and congressmen that held office from Washington up until Franklin D. Roosvelt.
Nice try Ed.
.In theory abolishing tariffs is good for the economy. Nevertheless, the US became an industrialized country in spite ( or maybe because of) tariffs. During the first half of the XIX century Great Britain was the most industrialized country.
"Tariffs were the main source of all Federal revenue from 1790 to 1914. At the end of the American Civil War in 1865 about 63% of Federal income was generated by the excise taxes, which exceeded the 25.4% generated by tariffs. In 1915 during World War I tariffs generated only 30.1% of revenues. Since 1935 tariff income has continued to be a declining percentage of Federal tax income."
...
"The lack of imported goods relatively quickly gave very strong incentives to start building several U.S. industries in the Northeast. Textiles and machinery especially grew."
It is notable that the average tariff was particularly high during the gilded age, one of the periods during which the US experienced one of fastest growing rates. During that period the average tariff was 32%.
Tariffs in United States history - Wikipedia the free encyclopedia
Interesting but the flip side of that is that high tariff's lead to higher prices for consumers.
For example- typical shirt or pants runs about 20-30% duty- which means if you are paying 30 dollars for a shirt, then about $9.00 of that is duty.
High duty rates hurt the poorest American consumers the most.
Do high duty rates lead to higher employment though? That part is not known for certain.
Was the US a second class country in 1910 Ed ?Do high duty rates lead to higher employment though? That part is not known for certain.
high duty means domestic industry is protected from competition so becomes second class and makes country second class.
Do you undersdtand?
It is notable that the average tariff was particularly high during the gilded age, one of the periods during which the US experienced one of fastest growing rates. During that period the average tariff was 32%.
A nation which industrializes is wealthier because it has more capital goods ( warehouses, machinery ) and capacity to exploit land.
Well Ed, true enough , they were monopolistic barons, but, at least they did create jobs and didn't ask to be bailed out. Plus the average income for the average american had a real growth at that time.It is notable that the average tariff was particularly high during the gilded age, one of the periods during which the US experienced one of fastest growing rates. During that period the average tariff was 32%.
fascinating isn't it that liberals are so 100% stupid. The robber barons robbed because capitalism leads to monopoly, not because liberals protected them-right??
At the end of the American Civil War in 1865 about 63% of Federal income was generated by the excise taxes, which exceeded the 25.4% generated by tariffs.
As far as the Gilded Age is concerned it occurred in spite of tariffs not because of them and it was the direct result of free markets and sound money.
Well Ed, true enough ,
Other than tariffs what other factors played up to 1900 that made the US grow at a faster pace than it has done in the last 4 decades ?
1) No liberal nanny state entitlement attitude : agreed.Other than tariffs what other factors played up to 1900 that made the US grow at a faster pace than it has done in the last 4 decades ?
There was no liberal nanny state entitlement attitude , no liberal socialist pukes buying votes with welfare, the best and brightest went to work rather than to be bleeding heart community organizers, people were steady because liberals had not destroyed their families, streets and schools were safe so people could calmly plan their futures. It was much like China is today.
That's not what the book reviews said about your published opinion on the subject...: how the tariffs in the US helped develop the local industry and generated a sizeable amount of revenue for the federal government.
Feel free to join the discussion .
Too 100% stupid and liberal. As a liberal you simply lack the IQ for the topic. A closed or protected economy of 1 person or 2 or 300 million or 7 billion will develop but obviously the larger the economy the faster it will develop.Why not think about that over and over until you understand the one thing on which virtually all economists agree.
See why we are positive that liberalism is based in pure ignorance!! No other conclusion is possible.
:
"It was also an era in which political corruption.
no dear, liberal divorce laws, liberal feminism, liberal abortion, liberal atheism, and liberal opposition to love destroyed the American family. Conservatives are pro family. Haven't you heard??4) People were steady because liberals had not destroyed their families. WTF? Families are destroyed by individuals left or right. Silly of you trying to blame it on a group.
