The Antebellum Tariff on Cotton Textiles Revisited
- Topics:
- Tariffs
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Overview: Recent research has suggested that the antebellum U.S. cotton textile industry would have been wiped out had it not received tariff protection. It reaffirms Taussig's judgment that the U.S. cotton textile industry was largely independent of the tariff by the 1830s. American and British producers specialized in quite different types of textile products that were poor substitutes for one another. Using data from 1826 to 1860, the paper estimates the responsiveness of domestic production to fluctuations in import prices and concludes that the industry could have survived even if the tariff had been completely eliminated.
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Format: PDF | Size: 145KB | Date: Aug 2000 | Pages: 29
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