Word: wool
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...theory than by studying its workings in the past, it has given use to the Historical School of Economists. England, the champion of industrial economics, first demands our attention. She was for a long time, in the very early stages of development, a free trade country. She raised wool and sent it abroad to be manufactured. Not until the time of Edward III. when her industries began to be protected, did the era of prosperity open before her. For five hundred years she did not relinquish an industry which she found adapted to her country. Then came Free Trade...
...Roland Hazard of Providence, who lectured on "Wool" before the Harvard Finance Club last winter, recently lectured on the same subject to the students of the University of Michigan...
...speaker of the evening, Mr. Rowland Hazard, of Providence, confined his remarks to that branch of industry which employs wools as its raw material. The distaff and spindle and the hand card were first used in wool manufacturing, and these were improved from time to time through the various changes until quite recently, when James Hargraves used the first cylinder cards and the spinning jenny. Now a couple of boys at the end of a spinning mule can do the work of five or six hundred women with the old-fashioned wheel. The speaker reviewed the introduction and increase...
...economy and he professes to have found a solution to the problem of what affects wages. Whether he has succeeded or not in a correct solution his opinion will be well worth hearing. The remaining lectures are to be a review of the three great industries, cotton, iron and wool. These three words are constantly in the mouths of the people, as the subject of tariff reform is so often mentioned in the daily papers and reviews. For this reason the club has determined to give the students an insight into the workings of these industries as they exist with...
...passed for the protection or wool and woollen goods. This act introduces the highest and most unreasonable of all tariff duties. Two years later an act was passed over President Johnson's veto, putting a high tariff on copper. In 1872 Mr. John Hayes proposed a reduction of ten percent. on all duties, a scheme which so pleased Congress that it was passed only to be changed, however, in 1875, when the tariff rate went back to what it had been prior...