MARC Record from marc_openlibraries_sanfranciscopubliclibrary

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035 $a(OCoLC)975860389$z(OCoLC)975396467$z(OCoLC)975486929
037 $bUniv of Chicago Pr, Attn: John Kessler C/O Chicago Distribution Center 11030 S Langley Ave, Chicago, IL, USA, 60628$nSAN 202-5280
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100 1 $aIrwin, Douglas A.,$d1962-$eauthor.
245 10 $aClashing over commerce :$ba history of US trade policy /$cDouglas A. Irwin.
264 1 $aChicago :$bThe University of Chicago Press,$c2017.
264 4 $c©2017
300 $ax, 860 pages :$billustrations, maps ;$c24 cm.
336 $atext$btxt$2rdacontent
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386 $mOccupation/field of activity$nocc$aUniversity and college faculty members$2lcdgt
490 1 $aMarkets and governments in economic history
490 1 $aLong-term factors in economic development
504 $aIncludes bibliographical references (pages 775-822) and index.
505 0 $aPart I. Revenue -- The struggle for Independence, 1763-1789 -- Trade policy for the new nation, 1789-1816 -- Sectional conflict and crisis, 1816-1833 -- Tariff peace and Civil War, 1833-1865 -- Part II. Restriction -- The failure of tariff reform, 1865-1890 -- Protectionism entrenched, 1890-1912 -- Policy reversals and drift, 1912-1928 -- The Hawley-Smoot tariff and the Great Depression, 1928-1932 -- Part III. Reciprocity -- The New Deal and reciprocal trade agreements, 1932-1943 -- Creating a multilateral trading system, 1943-1950 -- New Order and new stresses, 1950-1979 -- Trade shocks and response, 1979-1992 -- From globalization to polarization, 1992-2017.
520 $aShould the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in The Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin's Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation-first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. As the Trump administration considers making major changes to US trade policy, Irwin's sweeping historical perspective helps illuminate the current debate. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. --$cProvided by publisher.
650 0 $aTariff$zUnited States$xHistory.
650 0 $aForeign trade regulation$zUnited States$xHistory.
651 0 $aUnited States$xCommercial policy$xHistory.
830 0 $aMarkets and governments in economic history.
830 0 $aLong-term factors in economic development.
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