Word: trade
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Dates: during 1880-1889
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...than could have been done under any other policy; (c) a protective tariff secures a nation's markets for its own products and so develops diversified industries which promote the general welfare.- Ellis H. Roberts, New Princeton Review, May, 1887; Stebbins, Amer. Protectionist Manual, ch. 3; Fawcett's Free Trade and Protection...
Best short references.- Cairnes, Leading Principles, pp. 406 7; Fawcett's Free Trade and Protection...
...civilizing benefits of diversity of industry are not due to protection.- Cairnes Leading Principles, bk. III., ch. IV., and 7; Fawcett's Free Trade and Protection...
...contrary, protection annihilates the greatest civilizing element, international trade.- Cairnes, ibid...
...national independence fostered by protection is good only in case of war. It is better to prevent war altogether by establishing a large free international trade.- D. A. Wells in Atlantic Monthly, vol. 36, p. 216. (b) Free trade in the end gains a better and greater independence by forcing our people to the greatest energy of their intellectual powers, instead of rendering them indolent by unwise assistance.- Cairnes...