Protectionists often claim that the vibrant post-Civil War economy proves that protectionism can hasten economic growth. But this flawed interpretation of post-bellum progress ignores the massive unrestricted immigration and foreign-capital inflows that fueled the era’s great increase in output.

Other Independent Review articles by Cecil E. Bohanon
    Winter 2019   Cents and Sensibility
    Fall 2017   Capitalism and Commerce in Imaginative Literature
    Spring 2003   More on Voting
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Other Independent Review articles by T. Norman Van Cott
    Spring 2007   Doomsters, Evil I’s, and Tunnel-Vision Economics
    Spring 2003   More on Voting
    Spring 2002   Now More Than Ever, Your Vote Doesn’t Matter
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