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| | A Brief History Of Panics And Their Periodical Occurrence In The United States by Clément Juglar eBook by BookRags |
 | | duty upon cottons and woollens, and its increased duties on all forms of manufactured iron, (the tariff of 1824 which increased duties considerably), and the tariff of 1828, imposing an average of 50 per cent. |
 | | From this period, the advocacy of a high tariff in order to protect “Infant Industries,” no longer “Infant” was largely abandoned, and its advocacy was generally based upon the fallacy, less obvious then than now, of securing high wages to laborers by means of high import duties. |
 | | From 1816, when protection was first resorted to, until today, tariff rates have been almost continually raised, mainly by votes of the agriculturists, misled by the manufacturers and politicians, influenced by the manufacturers’ money. |
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