Clashing over commerce : a history of US trade policy / Douglas A. Irwin.
2017
HF3021 .I79 2017 (Mapit)
Available at General Collection
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Details
Title
Clashing over commerce : a history of US trade policy / Douglas A. Irwin.
ISBN
9780226398969 (cloth ; alk. paper)
022639896X (cloth ; alk. paper)
9780226399010 (e-book)
022639901X (e-book)
022639896X (cloth ; alk. paper)
9780226399010 (e-book)
022639901X (e-book)
Published
Chicago : The University of Chicago Press, 2017.
Copyright
©2017
Language
English
Description
x, 860 pages : illustrations, maps ; 24 cm
Item Number
99974722655
40027729226
40027713090
40027729226
40027713090
Call Number
HF3021 .I79 2017
Summary
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. -- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references (pages 775-822) and index.
Series
Markets and governments in economic history.
Long-term factors in economic development.
Long-term factors in economic development.
Record Appears in
On-Campus Resources > Books
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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.
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.