An edition of Clashing over commerce (2017)

Clashing over commerce

a history of US trade policy

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Last edited by MARC Bot
March 8, 2023 | History
An edition of Clashing over commerce (2017)

Clashing over commerce

a history of US trade policy

  • 0 Ratings
  • 2 Want to read
  • 0 Currently reading
  • 0 Have read

Should 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. --

Publish Date
Language
English
Pages
860

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Edition Availability
Cover of: Clashing over commerce
Clashing over commerce: a history of US trade policy
2017, The University of Chicago Press, University of Chicago Press
in English

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Book Details


Table of Contents

Part 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.

Edition Notes

Includes bibliographical references (pages 775-822) and index.

Series
Markets and governments in economic history, Long-term factors in economic development, Markets and governments in economic history, Long-term factors in economic development
Copyright Date
2017

Classifications

Dewey Decimal Class
382/.30973
Library of Congress
HF3021 .I79 2017, HF3021.I79 2017

The Physical Object

Pagination
x, 860 pages
Number of pages
860

ID Numbers

Open Library
OL26964760M
Internet Archive
clashingovercomm0000irwi
ISBN 10
022639896X
ISBN 13
9780226398969
LCCN
2017021822
OCLC/WorldCat
975860389

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