How is he going to do that by crippling the economy with tariffs???
Our country already has tariffs, and always has had tariffs. Our economy grew fastest when we had strong tariffs from 1870 to 1910.
Well, that really wasn't our fastest growth. In fact, that time period was a period of high economic volatility, with some of our worst depressions in history. In fact, about half the time, the economy was in recession or depression. We had our worst depression as a nation until 1929 from 1873 to 1879.
The Development of the Industrial United States (1870-1900)
1870-1900
From the era of Reconstruction to the end of the 19th century, the United States underwent an economic transformation marked by the maturing of the industrial economy, the rapid expansion of big business, the development of large-scale agriculture, and the rise of national labor unions and industrial conflict.
An outburst of technological innovation in the late 19th century fueled this headlong economic growth. However, the accompanying rise of the American corporation and the advent of big business resulted in a concentration of the nation's productive capacities in fewer and fewer hands. Mechanization brought farming into the realm of big business as well, making the United States the world's premier food producer--a position it has never surrendered.
Avoiding the use of inflation altered stats, a comparison of the growth in manufacturing jobs from about 1 million in 1850 to over 5 million in 1900 shows a 400% increase in manufacturing. For that to be the same rate of growth as then, we would have to have created over 25 million manufacturing jobs by 1940 and 100 million by 1980, which obviously did not happen.
Our fastest growth in real terms like number of people hired, iron produced, etc, was from 1850 to 1910, and the fastest period of that was 1870 to 1900.
Yes, the financial industry suffered during that time because people were investing in actual businesses and not playing the Wall Street casino.
Too ******* bad; it was great for the rest of the country.
You said "our economy grew fastest" during this time period. That's not really true. Growth was good, but per capita economic growth was about the same during that time period than the following 100 years.
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Growth during that time period was due to a wave of tremendous innovation and technological advancement. We also had a high level of immigration, which grew the internal market at a very fast rate. So unless you want to allow in millions more immigrants and find a way to accelerate innovation, your analogy isn't relevant.
Besides, Trump is lying to you. Millions of manufacturing jobs are not coming back here. Even if we put on 40% tariffs, the composition of capital and labor will shift to capital for the same reason why a $15 minimum wage will replace jobs for automation.
I know you really, really, really want to believe otherwise, but technology, not trade, has been the primary reason why lower skilled production jobs have disappeared.