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Essay / Research Paper Abstract
This 2.5-page paper discusses the impact of antebellum tariffs during the 19th century on the cotton textile industry, then attempts to connect this with the Hakkubuk theory of wages and labor scarcity. Bibliography lists 3 sources.
Page Count:
2 pages (~225 words per page)
File: D0_MTanttar.rtf
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Unformatted sample text from the term paper:
this might fit in with The Habakkuk Thesis of labor and industrial development. First, research is suggesting that the antebellum U.S. cotton
textile industry would have suffered greatly if tariff protection had not been received (Irwin and Temin, 2000). Part of the reason for this was that American and British producers at
the time specialized in different textile products that were imperfect substitutes for one another (Irwin and Temin, 2000). It also needs to be pointed out that American industralization during the
early 19th century came about because of the New England cotton textile industry; because of war-time disruptions to commerce during the early part of the century, the industry insisted on
and received high tariffs to block cotton textile imports (Irwin and Temin, 2000). Yet most experts agree that the tariff was probably not necessary, because each country produced different types
of cloth (Irwin and Temin, 2000). For much of the early 19th century, the U.S. tariff on imported cotton cloth combined an
ad valorem rate with a minimum valuation (Irwin and Temin, 2000). As an example, the 1816 tariff consisted of a 20 percent ad valorem rate from imported textiles, and a
25 cent per yard minimum valuation (Irwin and Temin, 2000). On the other hand, the Walker tariff of 1846 eliminated the minimum valuation and only applied a 25 percent ad
valorem tariff (Irwin and Temin, 2000). According to C. Knick Harley, there was a lack of sensitivity to the tariff, which is why output was not quite effected by it
(Irwin and Temin, 2000). However, experts also point out that the cotton industry during the early part of the antebellum period was probably protected by, at least, the Tariff of
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