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.
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.
Defense and Foreign PolicyEconomyFree Market EconomicsImmigrationInternational Economics and DevelopmentLaw and LibertyTrade
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