FINANCIAL CRISES : THEIR CAUSES AND EFFECTS |
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Сторінка 6
... with a bankruptcy so universal, as to have embraced individuals, banks, towns,
cities, States, and the national treasury itself. That instability is the essential
characteristic of the system called freetrade, will be obvious to you on the most ...
... with a bankruptcy so universal, as to have embraced individuals, banks, towns,
cities, States, and the national treasury itself. That instability is the essential
characteristic of the system called freetrade, will be obvious to you on the most ...
Сторінка 8
We have had three periods of that system which looks to the destruction of
domestic commerce, and is called free trade—that system which prevails in
Ireland and India, Portugal and Turkey, and is advocated by British journalists—
each and ...
We have had three periods of that system which looks to the destruction of
domestic commerce, and is called free trade—that system which prevails in
Ireland and India, Portugal and Turkey, and is advocated by British journalists—
each and ...
Сторінка 9
Allow me now to ask you why it is, that great speculations, followed by crises and
by almost total paralyses, such as you have so well described, always occur in
free trade times, and never in periods when the policy of the country is being ...
Allow me now to ask you why it is, that great speculations, followed by crises and
by almost total paralyses, such as you have so well described, always occur in
free trade times, and never in periods when the policy of the country is being ...
Сторінка 10
No sooner, however, had we entered upon the free trade policy, providing for the
gradual diminution and ultimate abolition of protection, than we find a rapid
growth of speculation, consequent upon the growing power for the creation of ...
No sooner, however, had we entered upon the free trade policy, providing for the
gradual diminution and ultimate abolition of protection, than we find a rapid
growth of speculation, consequent upon the growing power for the creation of ...
Сторінка 12
The whole country, individuals and communities, trading-houses, corporations,
towns, cities, States, were laboring under a weight of debt, beneath which the
ordinary business relations ... Why is it, that crises always occur in free-trade
times?
The whole country, individuals and communities, trading-houses, corporations,
towns, cities, States, were laboring under a weight of debt, beneath which the
ordinary business relations ... Why is it, that crises always occur in free-trade
times?
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action advocate already answer become Britain British capital CAREY carrying cause cent cities close cloth colonial compelled competition consequence consumers cotton creation crises dear sir debt demand dependence desire direction domestic commerce duties effect enabling England entirely existence extent facts farmers five followed foreign France free trade free-trade freedom French give given greater growing growth half hands HENRY increase industry interest iron journal labor land laws less letter look maintained manufactures means measures millions mills nature necessity º e º object obtain ourselves paid Pass past pauperism perfect period PHILADELPHIA political present profit protection purchase question readers reason regard remain result rich road seek sell single slavery South steadiness tariff tends tion Turn Union wealth West whole York
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