American Tariff Controversies in the Nineteenth Century, Vol. 2 of 2 (Classic Reprint)

Produktbeschreibung

Excerpt from American Tariff Controversies in the Nineteenth Century, Vol. 2 of 2 The year 1833 marks the change from a protective system as a permanent policy to a policy of steady approach to free trade. It also marks the change, for some years impending, from rational and conservative to reckless and destructive public finance, and from comparative prudence on the part of the business community to wild speculation. The errors of the epoch, whether we regard them as results or merely as related accompaniments of the new tariff policy adopted in 1833, are so interwoven with the controversy now under examination that they must be rehearsed and studied before a correct view can be had of our main subject. The war upon the Bank of the United States, which was begun during Jackson´s first term, and which was the first manifestation of the new order of things, was in a certain real sense the origin of the direful evils that afflicted the country during Mr. Van Buren´s administration. Under the fiscal system adopted when the second Bank of the United States was organized, in 1816, the people had the soundest and most stable currency they had ever enjoyed. The government finances were discreetly and safely managed, without loss. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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