Word: protectionists
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...industry has been working under the protective wraps of an auto tax of ?1 a horsepower. Thus, low-powered British cars were taxed as little as ?10 ($40) a year, while higher-powered U.S. cars were taxed $130 or more. So Britons bought small British cars. That pleased the protectionist manufacturers...
Place to begin reform (and where it will be hardest) is the U.S. tariff: "American tariff policy is obviously the crucial, immediate factor in postwar planning. . . . The great world power cannot remain even moderately protectionist without squandering, its opportunities and repudiating its international responsibilities. Our tariff structure must be dismantled immediately and as a whole...
...their dollar as the solidest, most invulnerable currency in the world. The somewhat shocking fact is that the U.S. dollar now sells at a discount in relation to practically every other currency in which there is still a free market. The cause is simple. For once in its long, protectionist history, the U.S. is buying from much of the rest of the world more than it is exporting in return. (Lend-Lease arms for the United Nations and exports to U.S. armed forces naturally do not affect the balance of trade in terms of foreign exchange...
...Dealers, who had counted on Wallace to do the fighting, were disappointed. Some editorial writers were pained. Henry Wallace told farmers who had always been Republicans (except for their two votes for Franklin Roosevelt) that Hitler wanted the Republican Party to win. To violently protectionist cattlemen, he praised the Hull trade treaties...
...heir to this tradition, "or die." In the rush to catch up to western industrial powers, Germany has tried ever since 1871 to syncopate history. A patron saint among German economists is Friedrich List, who spent seven years in the U. S., learned to admire Alexander Hamilton's protectionist philosophy and went home to write his National System of Political Economy (1841). While Prussia was busy consolidating the German nation by successive wars with Denmark, Austria and France, no one paid much attention to List. But after 1871, he provided justification for what Aggrandizer Bismarck wanted...