Word: protectionists
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...give you two or three illustrations of what a high protectionist means when he talks of a commercial avalanche: Under a Democratic tariff sewing machines, necessary in every home, were on the free list and we were importing scarcely 1% of the value of our domestic production. This was an avalanche, however, not to be tamely borne and a duty of 33 1/3% (33 and one-third) was imposed to check it. "In rubber footwear, out imports were too small to be worth reporting, but the duty nevertheless was raised 150%. In manufactures of wool, our imports were less than...
...Island Empire of the West (Britain), once a protectionist Nation, has thought it indispensable to its interests to become the greatest free-trade Nation in the world. The Island Empire of the East, whose geographical position is analogous to that of the British Commonwealth of Nations, has been tempted from the Broadway of free-trade into the side-streets of protection, emulating, in this respect...
...ample reason existed for distrust, leading to a general fall of exchange rates and a stampede similar to the American free silver scare of 1895, to the gambling in 1919 on Russian rubles, in 1922 on the German mark, in 1923 on the sterling exchange under Baldwin's protectionist campaign...
Premier Stanley Baldwin, Conservative candidate for Bewdley, made important speeches at Glasgow and Bradford. He said that he was taking the course advocated and approved by the late Mr. Bonar Law in calling a general election. Throughout, Mr. Baldwin based his protectionist policy on empiricisms calculated to prove that his policy was the only one which was capable of ameliorating the hectic economic troubles of the day. "We know how many industries depend on partly manufactured goods and raw materials ; we shall take no step without consultation with those industries. If any monopolies result they will be monopolies at home...
...remarked that protection was useless, that the U. S. could not keep out British goods, that they would have to put a roof over the country in order to do so, and, even then, British goods would come down the chimney. In another speech he said: "The Government (Protectionist) want us to shoot Niagara. We've asked for time to consider it, but they say: 'No, jump in; you will have plenty of time to think it over between the falls and the whirlpool.'" At Criccieth in Wales, Mr. George became bitter when he referred to Conservative...