A Discussion Of The Principles Of The American Protective System As Embodied In The McKinley Bill (1890)

""A Discussion Of The Principles Of The American Protective System: As Embodied In The McKinley Bill (1890)"" is a book written by David Hall Rice. The book provides a detailed analysis of the American Protective System and its principles, as embodied in the McKinley Bill of 1890. The author presents a comprehensive discussion on the concept of protectionism, which refers to the use of tariffs and other trade barriers to protect domestic industries from foreign competition. The book explores the historical context of the American Protective System, tracing its evolution from the early days of the Republic to the late 19th century. The author also examines the economic theories that underpin the protectionist philosophy, including the concept of infant industries, which argues that new industries need protection until they can compete on a level playing field with established industries. The McKinley Bill of 1890, which was named after its sponsor, Congressman William McKinley, is used as a case study to illustrate the principles of the American Protective System. The author examines the provisions of the bill, which included higher tariffs on a range of imported goods, as well as other measures designed to protect American industries. The book also discusses the impact of the American Protective System on the economy, both in terms of its benefits and its drawbacks. The author argues that while protectionism can provide short-term benefits to domestic industries, it can also lead to higher prices for consumers and reduced competition, which can ultimately harm the economy in the long run. Overall, ""A Discussion Of The Principles Of The American Protective System: As Embodied In The McKinley Bill (1890)"" is a comprehensive and insightful examination of the American Protective System and its impact on the economy. It provides a valuable resource for anyone interested in the history of American trade policy and the ongoing debate over protectionism versus free trade.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.