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International - Clashing over Commerce: A History of US Trade Policy (Markets and Governments in Economic History)

Description

Book Synopsis: Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in The Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer.

Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. As the Trump administration considers making major changes to US trade policy, Irwin’s sweeping historical perspective helps illuminate the current debate. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present.

Details

Are you fascinated by the complex history of trade policy in the United States? Look no further than "Clashing over Commerce: A History of US Trade Policy." This definitive book, written by Douglas A. Irwin, offers a comprehensive exploration of the economic and political forces that have shaped the nation's approach to international commerce. Whether you're an avid history buff or a policy wonk, this book is a must-read.

Throughout American history, the question of whether the United States should engage in global trade or protect domestic industries has sparked intense political debates. Irwin delves into the heart of this issue, showcasing the fierce competition between different economic interests. From the early days of the country, when Thomas Jefferson implemented an embargo on foreign trade, to the controversial Smoot-Hawley tariff during the Great Depression, the author examines pivotal moments that shaped trade policy.

What sets "Clashing over Commerce" apart is Irwin's ability to analyze historical events through a geographical lens. He demonstrates how different economic interests tend to align geographically, leading to champions and opponents of policy changes in Congress. With the Trump administration considering significant modifications to trade policy, this book provides essential context and perspective on the current debate. It's an invaluable resource for policymakers, economists, and anyone interested in understanding the complexities of US trade policy.

Deeply researched and filled with remarkable insights, "Clashing over Commerce" is a timeless work that sheds light on both past and present trade policy. If you want to gain a deep understanding of US trade history and make informed decisions about the future, this book is a must-have. Take this opportunity to delve into this compelling narrative with a copy of "Clashing over Commerce" in your hands.

Ready to embark on a journey through the captivating history of US trade policy? Click here to get your copy of "Clashing over Commerce: A History of US Trade Policy" now.

Disclosure: I get commissions for purchases made through links in this website