Economics 24: Competing Philosophies...
Study Guide: Tariff Debate; Documents Relative to Manufactures.

Remaining Tariff readings:

Tariff Debate in Congress
Documents Relative to the Manufactures in the US, 1833

South Carolina Ordinance of Nullification, 1832
Morals of Manufacturing, Morals of Commerce, 1837
Elements of Political Economy, 1837 (Francis Wayland)
Protection or Free Trade: Dudley vs. Rawlins, 1880
Principles of Political Economy, 1886 (Wayland & Chapin)


 CONGRESSIONAL TARIFF DEBATE

The speakers:
Clark of New York (p. 724)
Tod of Pennsylvania (p. 725)
Hamilton of South Carolina (p. 726)  
[
NOTE:  This NOT Alexander Hamilton.  It is a different Hamilton.]

1. What is the position of each speaker?
Find a quotation that illustrates that position.

Clark advocates moderating the proposed increase in the tariff on iron.   “What is that object [of the tariff], sir? …"  (724)

Tod replies to Clark. (p. 725)
“dismayed as I am at the time and manner of his renewing this discussion, I am still more dismayed at his arguments.” (725)

Hamilton remarked on the “...general principles of the bill, which he reprehended” (726)

“[Webster] ... had … exhausted the topic … he [Mr. H] participated in the pleasure which all had enjoyed, in hearing the unanswerable argument of [Webster] (an argument that had scarcely left the honorable Speaker [Mr. Clay] an inch of ground to stand upon, notwithstanding the vigor and elasticity of his [Mr. C’s] genius)….”

2. Read and understand:
“…if Adam Smith could have risen from his grave...” (727)
“…there are a few salutary truths…” (bottom of 727)
“…if there is any truth which appears to be sustained...”  (728)
“…as clear and emphatic as Mr. [Alexander] Hamilton was…” (728)


DOCUMENTS RELATIVE TO MANUFACTURES

Letter from John Quimby:  read and understand:

“...the pockets of those that earned the money are the best repository for the same.” (773)

“...we have many men in our country which know nothing about the earning of the money they have in their hands … .  Such men I consider dangerous….” (773)

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