Word: trade
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Dates: during 1880-1889
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Best general references-"Trade and transportation between the United States and Spanish America" by W. E. Curtis; Recent Economic Questions by David A. Wells...
...larger the foreign trade of a country, the more prosperous that country. (a) This is true because international trade takes place only when and advantage is gained-J. S. Mill's Principles of Pol. Econ...
...close of the war a great amount of army woolens was foreed upon the market, and a natural depression in the woolen trade followed. Business men could not suddenly comprehend the cause of the situation. They sought help from the government, and a tariff more stringent than any of its predecessors-the tariff of 1868, was enacted. That tariff is now twenty-two years old, and as a wool dealer, Mr. Garrison did not hesitate to affirm that it is a disappointment...
That the tariff does not create is demonstrated by the falling off in the woolen industry since the war. In only one line has it grown, and that is in the worsted trade. That branch has been built up, not by the tariff, but by skill and industry. Indirectly the tariff has assisted, because it does not tax the wool used in this industry so heavily as it does other grades of wool...
...offered by Canada of fishing in her waters were much abused and it was not until 1870 that the difficulties were settled. In that year the British government settled the dispute by the adoption of the Washington treaty by which the New England people were allowed to carry on trade and engage in the fisheries, but this treaty soon came to an end. The Canadians, however, were willing to share with the United States in the fisheries provided the latter will come to a reasonable agreement in the matter. Mr. Bourinot lastly enumerated many things which would advance the interests...