Quotes About Protective tariff

Unwilling to accept the idea of a class struggle, he was nonetheless aware of the deteriorating condition of labor, and so he embraced a protective tariff, anathema to the liberals, as a way to protect wages.

John Quincy Adams ranks with Jimmy Carter on the roster of ex-presidential redemption. Instead of completing a biography of his father, he let himself be elected to the House, where he spent nine terms in Whiggish opposition to the Democrats, supporting a national bank and a protective tariff and internal improvements.

You may be cajoled into imagining that your own special trade or your own industry will be encouraged by a protective tariff, but it stands to reason that such legislation must in the long run keep away wealth from the country, diminish the value of our imports, and lower the general conditions of life in this island.

The protective tariff was perhaps the most controversial economic issue of the antebellum period. High tariffs, intended to protect Northern industry from foreign competition, were a terrible burden to the agricultural South, which had little industry to protect. To Southerners, the tariffs meant higher prices for manufactured goods because they bought them abroad and paid the tariff or because they bought them from Northerners at the inflated prices that tariff protection made possible.