Post Tagged with: "tariffs"

Protective Tariffs: The Primary Cause of the Civil War

Protective Tariffs: The Primary Cause of the Civil War

The South did not secede primarily because of slavery. In Lincoln’s First Inaugural Address he promised he had no intention to change slavery in the South. He argued it would be unconstitutional for him to do so. But he promised he would invade any state that failed to collect tariffs in order to enforce them. It was received from Baltimore to Charleston as a declaration of war on the South.

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Do Tariffs Protect an Infant Industry?

Do Tariffs Protect an Infant Industry?

Many support “Buy American” campaigns but don’t have compelling economic or moral reasons to do so. Buying exclusively within a specific geographic region impoverishes the local economy, whereas purchasing foreign-made goods helps lift the world’s poor out of poverty. Some people suggest that protecting an infant industry with tariffs is a special exception.

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