Lectures On the History of Protection in the United States; Delivered Before the International Free-Trade Alliance

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It was blockaded and inclosed by an immensely superior force, and what happened ?
First, people found that when they had put their last stake on war, they could do without thousands of things which had seemed essential; second, they found substitutes and makeshifts to take the place of real essentials; third, they found that, so long as they had commodities to exchange which the rest of the world wanted, no power could prevent the exchange from going on. It does not become those who needed four
... years to subdue the South to argue that it was weak for lack of indus- trial independence. Indeed, the argument is incomplete in two or three important' points. Suppose that the South had not been weakened by slavery ; suppose that it had been aa independent nation before and had enjoyed free trade, so that its people had possessed all the wealth they might have accumulated ; suppose that its enemy had been obliged to seek it over the ocean, and by sea attack only; on such a hypothesis who can believe that the South would have suffered because it had not "enjoyed protection," and who can urge us, on the chances of ever finding our- selves in the position of the South, to go on creating an artificial inde- pendence ?

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