Clashing over Commerce: A History of US Trade Policy (Markets and Governments in Economic History)
$28.20
Description
Book Synopsis: Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in The Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer.
Douglas A. Irwin's Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. As the Trump administration considers making major changes to US trade policy, Irwin's sweeping historical perspective helps illuminate the current debate. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present.
Details
Are you eager to understand the complex and influential history of US trade policy? Look no further than "Clashing over Commerce: A History of US Trade Policy" by Douglas A. Irwin. This comprehensive and authoritative book delves into the fierce political conflicts surrounding the question of whether the United States should engage in international commerce or protect its domestic industries from foreign competition. With a deep understanding of the economic and political forces at play, Irwin provides a clear picture of the various factors that have shaped US trade policy.
Throughout history, trade policy has divided our nation, creating winners and losers in terms of industries, farmers, and workers. From Thomas Jefferson's embargo on foreign trade to South Carolina's threat of secession over excessive taxes on imports, the battles have been intense. Irwin explores how protectionism gained traction during the Civil War but faced relentless political attacks. Eventually, the Great Depression and the controversy surrounding the Smoot-Hawley tariff led to a shift towards freer trade and the establishment of the World Trade Organization through trade agreements.
Irwin sheds light on the geographical grouping of different economic interests, revealing how proposed policy changes always found supporters and opponents in Congress. As the Trump administration considers significant shifts in US trade policy, this remarkable book provides the historical perspective necessary to understand the current debate. With meticulous research and a wealth of valuable insights, "Clashing over Commerce" is an enduring resource that helps us navigate the complexities of our trade policy.
If you're curious about the origins and implications of US trade policy, "Clashing over Commerce" is a must-read. Gain a deeper understanding of the forces that have shaped our economic landscape and find valuable insights for the present. Don't miss out - get your copy now!
Click here to learn more about "Clashing over Commerce: A History of US Trade Policy" and delve into the rich tapestry of America's trade history.
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