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History Of Tariffs In The United States
Tariff, Tariffs serve a key role in the trade policy of the United States. Their purposes include to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a Protectionism, protective barrier around Infant industry argument, infant industries. They also aim to reduce the trade deficit and the pressure of foreign competition. Tariffs were one of the pillars of the American System (economic plan), American System that allowed the rapid development and industrialization of the United States. The United States pursued a protectionist policy from the beginning of the 19th century until the middle of the 20th century. Between 1861 and 1933, they had one of the highest average tariff rates on manufactured imports in the world. After 1942, the U.S. began to promote worldwide free trade. After the 2016 United States Presidential Election, 2016 presidentia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Income Gains In The Global Population
Real may refer to: Currencies * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Music Albums * ''Real'' (L'Arc-en-Ciel album) (2000) * ''Real'' (Bright album) (2010) * ''Real'' (Belinda Carlisle album) (1993) * ''Real'' (Gorgon City EP) (2013) * ''Real'' (IU EP) (2010) * ''Real'' (Ivy Queen album) (2004) * ''Real'' (Mika Nakashima album) (2013) * ''Real'' (Ednita Nazario album) (2007) * ''Real'' (Jodie Resther album), a 2000 album by Jodie Resther * ''Real'' (Michael Sweet album) (1995) * ''Real'' (The Word Alive album) (2014) * ''Real'', a 2002 album by Israel Houghton recording as Israel & New Breed Songs * "Real" (Goo Goo Dolls song) (2008) * "Real" (Gorgon City song) (2013) * "Real" (Plumb song) (2004) * "Real" (Vivid song) (2012) * "Real" (James Wesley song) (2010) * "Real", a song by Kendrick Lamar from ''Good Kid, M.A.A.D City'' * "Real", a song by NF from ''Therapy Session'' * "Re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theory Of Comparative Advantage
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the work gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress. (The absolute advantage, comparing output per time (labor efficiency) or per quantity of input material (monetary efficiency), is generally considered more intuitive, but less accurate — as long as the opportunity costs of producing goods across countries vary, productive trade is possible.) David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing ''every'' single good than workers in other countries. He dem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British political economist. He was one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. Ricardo was also a politician, and a member of the Parliament of Great Britain and Ireland. Personal life Born in London, England, Ricardo was the third surviving of the 17 children of successful stockbroker Abraham Israel Ricardo (1733?–1812) and Abigail (1753-1801), daughter of Abraham Delvalle (also "del Valle"), of a respectable Sephardic Jewish family that had been settled in England for three generations as "small but prosperous" tobacco and snuff merchants, and had obtained British citizenship. Abigail's sister, Rebecca, was wife of the engraver Wilson Lowry, and mother of the engraver Joseph Wilson Lowry and the geologist, mineralogist, and author Delvalle Lowry. The Ricardo family were Sephardic Jews of Portuguese origin who had recently relocated from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexander Hamilton
Alexander Hamilton (January 11, 1755 or 1757July 12, 1804) was an American military officer, statesman, and Founding Father who served as the first United States secretary of the treasury from 1789 to 1795. Born out of wedlock in Charlestown, Nevis, Hamilton was orphaned as a child and taken in by a prosperous merchant. He pursued his education in New York before serving as an artillery officer in the American Revolutionary War. Hamilton saw action in the New York and New Jersey campaign, served for years as an aide to General George Washington, and helped secure American victory at the Siege of Yorktown. After the war, Hamilton served as a delegate from New York to the Congress of the Confederation. He resigned to practice law and founded the Bank of New York. In 1786, Hamilton led the Annapolis Convention to replace the Articles of Confederation with the Constitution of the United States, which he helped ratify by writing 51 of the 85 installments of '' The Federa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathew Carey
Mathew Carey (January 28, 1760 – September 16, 1839) was an Irish-born American publisher and economist who lived and worked in Philadelphia, Pennsylvania. He was the father of economist Henry Charles Carey. Early life and education Carey was born in 1760 in Dublin into a middle-class Catholic family. He entered the bookselling and printing business in 1775 and, at the age of seventeen, published a pamphlet criticizing dueling. He followed this with a work criticizing the severity of the Irish penal code, and another criticizing Parliament. As a result, the British House of Commons threatened him with prosecution. In 1781 Carey fled to Paris as a political refugee. Adelman, 2013, p. 538 There he met Benjamin Franklin, the ambassador representing the American Revolutionary forces, which achieved independence that year. Franklin took Carey to work in his printing office. Carey worked for Franklin for a year before returning to Ireland, where he edited two Irish nationalis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friedrich List
Georg Friedrich List (6 August 1789 – 30 November 1846) was a German-American economist who developed the "National System" of political economy. He was a forefather of the German historical school of economics, and argued for the German Customs Union from a Nationalist standpoint."Strategies of Economic Order" Keith Tribe. Cambridge University Press. 2007. p. 36. Accessed January 27, 2010. He advocated imposing tariffs on imported goods while supporting free trade of domestic goods, and stated the cost of a tariff should be seen as an investment in a nation's future productivity. List was a political liberal who collaborated with [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel Raymond
Daniel Raymond (1786–1849) was the first important political economist to appear in the United States. He authored ''Thoughts on Political Economy'' (1820) and ''The Elements of Political Economy'' (1823). Economic theory He theorized that "labor creates wealth," which may have been an improvement based on the thinking of Adam Smith of Europe. He thought that the economy of England was actually the economy of the higher-ranking members of that society and not the economy of the entire nation. He held that wealth is not an aggregation of exchange values, as Adam Smith had conceived it, but the capacity or the opportunity to acquire the necessaries and conveniences of life by labor. He systematized the infant industry argument. Chang, Ha-Joon"Kicking Away the Ladder: How the Economic and Intellectual Histories of Capitalism Have Been Re-Written to Justify Neo-Liberal Capitalism" '' Post-Autistic Economics Review''. 4 September 2002: Issue 15, Article 3. Retrieved on 8 October 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Coast Guard
The United States Coast Guard (USCG) is the maritime security, search and rescue, and law enforcement service branch of the United States Armed Forces and one of the country's eight uniformed services. The service is a maritime, military, multi-mission service unique among the United States military branches for having a maritime law enforcement mission with jurisdiction in both domestic and international waters and a federal regulatory agency mission as part of its duties. It is the largest and most powerful coast guard in the world, rivaling the capabilities and size of most navies. The U.S. Coast Guard is a humanitarian and security service. It protects the United States' borders and economic and security interests abroad; and defends its sovereignty by safeguarding sea lines of communication and commerce across vast territorial waters spanning 95,000 miles of coastline and its Exclusive Economic Zone. With national and economic security depending upon open global t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Revenue Cutter Service
) , colors= , colors_label= , march= , mascot= , equipment= , equipment_label= , battles= , anniversaries=4 August , decorations= , battle_honours= , battle_honours_label= , disbanded=28 January 1915 , flying_hours= , website= , commander1= , commander1_label= , commander2= , commander2_label= , commander3= , commander3_label= , commander4= , commander4_label= , notable_commanders= , identification_symbol= , identification_symbol_label=Ensign (1799) , identification_symbol_2= , identification_symbol_2_label=Ensign (1815) , identification_symbol_3= , identification_symbol_3_label=Ensign (1836) , identification_symbol_4= , identification_symbol_4_label=Ensign (1841) , identification_symbol_5= , identification_symbol_5_label=Ensign (1867) , identification_symbol_6= , identification_symbol_6_label=Ensign (1868) The United States Revenue Cutter Service was established by an act of Congress () on 4 August 1790 as the Revenue-Marine upon the recommendation of Secretary of the Treasury ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Washington
George Washington (February 22, 1732, 1799) was an American military officer, statesman, and Founding Fathers of the United States, Founding Father who served as the first president of the United States from 1789 to 1797. Appointed by the Continental Congress as commander of the Continental Army, Washington led the Patriot (American Revolution), Patriot forces to victory in the American Revolutionary War and served as the president of the Constitutional Convention (United States), Constitutional Convention of 1787, which created the Constitution of the United States and the American federal government. Washington has been called the "Father of the Nation, Father of his Country" for his manifold leadership in the formative days of the country. Washington's first public office was serving as the official Surveying, surveyor of Culpeper County, Virginia, from 1749 to 1750. Subsequently, he received his first military training (as well as a command with the Virginia Regiment) d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariff Act Of 1789
The Tariff Act of 1789 was the first major piece of legislation passed in the United States after the ratification of the United States Constitution and it had two purposes. It was to protect manufacturing industries developing in the nation and was to raise revenue for the federal government. It was sponsored by Congressman James Madison, passed by the 1st United States Congress, and signed into law by President George Washington. The act levied a 50¢ per ton duty on goods imported by foreign ships; American-owned vessels were charged 6¢ per ton. In the aftermath of the American Revolution, the weak Congress of the Confederation had been unable to impose a tariff or reach reciprocal trade agreements with most European powers, creating a situation in which the country was unable to prevent a flood of European goods which were damaging domestic manufacturers even while Britain and other countries placed high duties on U.S. goods. The country also faced major debts left over f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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