Tariffs, Immigration, and Economic Insulation
A New View of the U.S. Post-Civil War Era
By Cecil E. Bohanon, T. Norman Van Cott
This article appeared in the Spring 2005 issue of The Independent Review.
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 eras great increase in output.
Defense and Foreign PolicyEconomyFree Market EconomicsImmigrationInternational Economics and DevelopmentLaw and LibertyTrade
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