The Triumph of the Antebellum Free Trade Movement

The Triumph of the Antebellum Free Trade Movement

Author: William S. Belko

Publisher: University Press of Florida

Published: 2012-08-19

Total Pages: 211

ISBN-13: 0813043697

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In the wake of the War of 1812, the Madison and Monroe administrations oversaw the institution of a series of protective tariffs meant to shield fledgling American industries from British product "dumping." While southerners supported these protectionist measures early on, they quickly came to disapprove of them as severe impediments to trade with the West Indies, an important source of sugar cane and tobacco. In the decades that followed, tariffs became a hotly contested issue, the North favoring protectionism and the South advocating for free trade. In The Triumph of the Antebellum Free Trade Movement, William Belko provides a full and detailed investigation into the heated tariff debate of the late 1820s and early 1830s, focusing on its fascinating climax: the Philadelphia Free Trade Convention of 1831. As such, this intriguing volume is the first in-depth examination of the events directly preceding the famous Compromise Tariffs that sought to bind Americans together, but ultimately hastened the loosening of the cords of the Union.


Lobbyists and the Making of US Tariff Policy, 1816−1861

Lobbyists and the Making of US Tariff Policy, 1816−1861

Author: Daniel Peart

Publisher: JHU Press

Published: 2018-10-01

Total Pages: 341

ISBN-13: 1421426129

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The first book-length study of lobbying prior to the Civil War. Since the 2008 global economic crisis, historians have embraced the challenge of making visible the invisible hand of the market. This renewed interest in the politics of political economy makes it all the more timely to remind ourselves that debates over free trade and protection were just as controversial in the early United States as they have once again become, and that lobbying, then as now, played an important part in Lincoln's government "of the people, by the people, for the people." In Lobbyists and the Making of US Tariff Policy, 18161861, Daniel Peart reveals how active lobbyists were in Washington throughout the antebellum era. He describes how they involved themselves at every stage of the making of tariff policy, from setting the congressional agenda, through the writing of legislation in committee, to the final vote. Considering policymaking as a process, Peart focuses on the importance of rules and timing, the critical roles played by individual lawmakers and lobbyists, and the high degree of uncertainty that characterized this formative period in American political development. The debate about tariff policy, Peart explains, is an unbroken thread that runs throughout the pre–Civil War era, connecting disparate individuals and events and shaping the development of the United States in myriad ways. Duties levied on imports provided the federal government with the major part of its revenue from the ratification of the Constitution to the close of the nineteenth century. More controversially, they also offered protection to domestic producers against foreign competition, at the expense of increased costs for consumers and the risk of retaliation from international trade partners. Ultimately, this book uses the tariff issue to illustrate the critical role that lobbying played within the antebellum policymaking process.


The Emergence of Capitalism in Early America

The Emergence of Capitalism in Early America

Author: Christopher W. Calvo

Publisher: University Press of Florida

Published: 2020-02-03

Total Pages: 309

ISBN-13: 0813057442

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Due to the enormous influence of Adam Smith’s The Wealth of Nations on Western liberal economics, a tradition closely linked to the United States, many scholars assume that early American economists were committed to Smith’s ideas of free trade and small government. Debunking this belief, Christopher W. Calvo provides a comprehensive history of the nation’s economic thought from 1790 to 1860, tracing the development of a uniquely American understanding of capitalism. The Emergence of Capitalism in Early America shows how American economists challenged, adjusted, and adopted the ideas of European thinkers such as Adam Smith, David Ricardo, and Thomas Malthus to suit their particular interests. Calvo not only explains the divisions between American free trade and the version put forward by Smith, but he also discusses the sharp differences between northern and southern liberal economists. Emergent capitalism fostered a dynamic discourse in early America, including a homegrown version of socialism burgeoning in antebellum industrial quarters, as well as a reactionary brand of conservative economic thought circulating on slave plantations across the Old South. This volume also traces the origins and rise of nineteenth-century protectionism, a system that Calvo views as the most authentic expression of American political economy. Finally, Calvo examines early Americans’ awkward relationship with capitalism’s most complex institution—finance. Grounded in the economic debates, Atlantic conversations, political milieu, and material realities of the antebellum era, this book demonstrates that American thinkers fused different economic models, assumptions, and interests into a unique hybrid-capitalist system that shaped the trajectory of the nation’s economy.


Tariff Wars and the Politics of Jacksonian America

Tariff Wars and the Politics of Jacksonian America

Author: William K. Bolt

Publisher: Vanderbilt University Press

Published: 2017-08-15

Total Pages: 321

ISBN-13: 082652138X

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Before the Civil War, the American people did not have to worry about a federal tax collector coming to their door. The reason why was the tariff, taxing foreign goods and imports on arrival in the United States. Tariff Wars and the Politics of Jacksonian America attempts to show why the tariff was an important part of the national narrative in the antebellum period. The debates in Congress over the tariff were acrimonious, with pitched arguments between politicians, interest groups, newspapers, and a broader electorate. The spreading of democracy caused by the tariff evoked bitter sectional controversy among Americans. Northerners claimed they needed a tariff to protect their industries and also their wages. Southerners alleged the tariff forced them to buy goods at increased prices. Having lost the argument against the tariff on its merits, in the 1820s, southerners began to argue the Constitution did not allow Congress to enact a protective tariff. In this fight, we see increased tensions between northerners and southerners in the decades before the Civil War began. As Tariff Wars reveals, this struggle spawned a controversy that placed the nation on a path that would lead to the early morning hours of Charleston Harbor in April of 1861.


Capital of Mind

Capital of Mind

Author: Adam R. Nelson

Publisher: University of Chicago Press

Published: 2024-01-02

Total Pages: 495

ISBN-13: 0226829219

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The second volume of an ambitious new economic history of American higher education. Capital of Mind is the second volume in a breathtakingly ambitious new economic history of American higher education. Picking up from the first volume, Exchange of Ideas, Adam R. Nelson looks at the early decades of the nineteenth century, explaining how the idea of the modern university arose from a set of institutional and ideological reforms designed to foster the mass production and mass consumption of knowledge. This “industrialization of ideas” mirrored the industrialization of the American economy and catered to the demands of a new industrial middle class for practical and professional education. From Harvard in the north to the University of Virginia in the south, new experiments with the idea of a university elicited intense debate about the role of scholarship in national development and international competition, and whether higher education should be supported by public funds, especially in periods of fiscal austerity. The history of capitalism and the history of the university, Nelson reveals, are intimately intertwined—which raises a host of important questions that remain salient today. How do we understand knowledge and education as commercial goods? Should they be public or private? Who should pay for them? And, fundamentally, what is the optimal system of higher education for a capitalist democracy?


Trouble of the World

Trouble of the World

Author: Zach Sell

Publisher: UNC Press Books

Published: 2020-11-24

Total Pages: 349

ISBN-13: 1469660466

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In this innovative new study, Zach Sell returns to the explosive era of capitalist crisis, upheaval, and warfare between emancipation in the British Empire and Black emancipation in the United States. In this age of global capital, U.S. slavery exploded to a vastness hitherto unseen, propelled forward by the outrush of slavery-produced commodities to Britain, continental Europe, and beyond. As slavery-produced commodities poured out of the United States, U.S. slaveholders transformed their profits into slavery expansion. Ranging from colonial India to Australia and Belize, Sell's examination further reveals how U.S. slavery provided not only the raw material for Britain's explosive manufacturing growth but also inspired new hallucinatory imperial visions of colonial domination that took root on a global scale. What emerges is a tale of a system too powerful and too profitable to end, even after emancipation; it is the story of how slavery's influence survived emancipation, infusing empire and capitalism to this day.


Clashing Over Commerce

Clashing Over Commerce

Author: Douglas A. Irwin

Publisher: University of Chicago Press

Published: 2017-11-29

Total Pages: 873

ISBN-13: 022639896X

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Revenue. The struggle for Independence, 1763-1789 ; Trade policy for the new nation, 1789-1816 ; Sectional conflict and crisis, 1816-1833 ; Tariff peace and Civil War, 1833-1865 -- Restriction. The failure of tariff reform, 1865-1890 ; Protectionism entrenched, 1890-1912 ; Policy reversals and drift, 1912-1928 ; The Hawley-Smoot tariff and the Great Depression, 1928-1932 -- Reciprocity. The New Deal and reciprocal trade agreements, 1932-1943 ; Creating a multilateral trading system, 1943-1950 ; New Order and new stresses, 1950-1979 ; Trade shocks and response, 1979-1992 ; From globalization to polarization, 1992-2017 -- Conclusion


Philip Pendleton Barbour in Jacksonian America

Philip Pendleton Barbour in Jacksonian America

Author: William S. Belko

Publisher: University of Alabama Press

Published: 2016-04-30

Total Pages: 278

ISBN-13: 0817319069

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Philip Pendleton Barbour in Jacksonian America is the definitive biography of a Virginia legislator and jurist whose life and career mirror the transformational decades of US history between the War of 1812 and the end of the Mexican American War in 1848.