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It was idle for us to endeavor to persuade other
nations to join with us in adopting the principles of what was
called ''free trade.
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Other nations knew, as well as the noble lord
opposite, and those who acted with him, what we meant by ''free
trade ' was nothing more nor less than, by means of the great
advantages we enjoyed, to get a monopoly of all their markets for
our manufactures, and to prevent them, one and all, from ever
becoming manufacturing nations...
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The policy that (America) acted on was that of
encouraging its native manufactures, and it was a wise policy;
because, if it were freely to admit our manufactures , it would
speedily be reduced to the rank of an agricultural nation, and
therefore a poor nation, as all must be that depend exclusively on
agriculture...
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America (was prosperous) under this system. In twenty
years, America would be independent of England for its manufactures
altogether.
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But since the peace, France, Germany, America, and
all the other countries of the world, had proceeded upon the
principle of encouraging native manufacturers.
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"American Orations" By Alexander Johnston, James
Albert Woodburn, George H. Putnam p. 205
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