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The US when it was industrializing? China now? Protectionism can be good for large nations/markets catching up to other nations/markets.
by hugh4life 8y ago
The US when it was industrializing? China now? Protectionism can be good for large nations/markets catching up to other nations/markets.
- WhompingWindows 8y agoUS was industrializing throughout the 1800's, there are empty/converted factories all up and down the East Coast from these. In New England, it was a lot of textiles, metalworking, shoes, parts, etc. What tariffs protected that growth? To me it seems to be a rising production due to rising demand for those products, as factories/mass production wasn't common prior to 1800.
- hunter23 8y agoThe US had protective tariffs and regulations (along with a lack of free trade agreements) which definitely protected foreign goods and companies from entering the country. Protective tariffs literally started with George Washington with the goal of "the encouragement and protection of manufactures".