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√. 2.J:3

FREE TRADE AND PROTECTION.

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14775-

FREE TRADE

AND

PROTECTION.

AN INQUIRY INTO THE CAUSES WHICH HAVE
RETARDED THE GENERAL ADOPTION OF FREE TRADE

SINCE ITS INTRODUCTION INTO ENGLAND.

GENERAL LIBRARY

University of
MICHIGAN

BY

HENRY FAWCETT, M.P.,


FELLOW OF TRINITY HALL,

AND PROFESSOR OF POLITICAL ECONOMY IN THE UNIVERSITY OF CAMBRIDGE.

London:

MACMILLAN AND CO.

1878.

[The Right of Translation and Reproduction is Reserved.]

LONDON:

R. CLAY, SONS, AND TAYLOR, PRINTERS,

BREAD STREET HILL.

PREFACE.

IN the autumn of last year I delivered at Cambridge a course of Lectures on Free Trade and Protection. One of the chief objects I had in view was to endeavour to explain the causes which have retarded the progress of Free Trade, and which have enabled Protectionists still to occupy so strong a position on the Continent, in America, and in many of our Colonies. I first thought of publishing these Lectures almost in the form in which they were delivered; but I afterwards came to the conclusion that it would be better, for many reasons, to adopt a different arrangement, and I have consequently divided the book into six chapters.

I have had occasion frequently to refer to Mr. Frederick Martin's Statesman's Year Book, and I have also derived great assistance from the admirably-arranged Statistical Abstracts which are published annually by the Board of Trade. Whenever I have required additional information bearing on the subjects to which these Abstracts refer, it has always been most readily supplied to me by two

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