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Excerpt from The Advantages of a Protective Tariff to the Labor and Industries of the United States The abolition of the protective system would therefore mean a transition to a new economic system to which our labor and industries could never be adapted. Had our whole industrial history been accomplished under free trade, our industrial development, indeed, would have been both disproportionate and stunted. Nevertheless, our labor and industries would have matured under a free-trade system, and in that system every man would have had a function to perform. But, when the industries of this country have been developed upon a protective basis, when they have become adjusted to a protective environment, when the rights of capital and the rights of labor have become vested in a protective system, the destruction of that system would involve acatastrophe of which industrial history could afford no parallel. In the early period under free trade the condition of our labor and industry was miserable in the extreme, and had free trade continued, their condition, doubtless, would have improved but little. But this condition would be prosperous in comparison of that to which they would now descend if we returned from Protection to free trade. The last state of the nation would be worse than the first. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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