Word: embargo
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...first, which levied very low duties, ranging from five to fifteen per cent., did not touch upon those industries which have since become the great objects of protective controversies. The controversy of 1789 has little connection with those of subsequent years. In 1808, after the embargo, manufacturers, in the sense that we understand them, began, and the textile fabrics and other goods of that class were now manufactured in factories rather than in household industries. In the tariff act of 1816 came a more direct application of the spirit of protection. Duties still remained moderate, ranging from seven...
...perhaps, benefitted the cotton manufacture while it was a young industry, had hardly helped the woollen manufacture, and had certainly had no beneficial effect in assisting the rise of the iron manufacture. In regard to the cotton and woollen manufacture, Mr. Taussig thought the restriction period, from the embargo in 1808 to the end of the war with England in 1815, had afforded a more effective stimulus than the actual protection given in the tariffs of 1816 and 1854. By 1828 the textile manufacturers were so fairly established that they needed no further protection...