The Antebellum Tariff on Cotton Textiles 1816-1860: Consolidation
نویسندگان
چکیده
Recent research on the importance of the antebellum tariff for the survival of the American cotton textile industry has come into highly conflicting conclusions. By examining both the British and American experiences throughout the period, we find that both extreme conclusions are potentially misleading. Our results suggest that both the quality composition of imports from Great Britain and the American cotton textile industry were both quite responsive to changes in the tariff. We find that elimination of the tariff at any point throughout the period would have cut back domestic production 20-40%, amount not necessarily crucial to the survival of the American industry, but potentially significant especially in the early stages of the industry.
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