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The United States, as it began its long and successful growth in the early 19th century, consciously

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The United States, as it began its long and successful growth in the early 19th century, consciously

The United States, as it began its long and successful growth in the early 19th century, consciously promoted domestic production through such activities as tariffs, Clay's American System, and many direct subsidies to railroads, canal companies, farmers (free land) etc. Today we view this blatant example of large scale and extensive import-substitution industrialization as having been very successful. Comment on this.

Textbook

International Economics: Theory and Policy

Edition: 10^th

Author: Krugman

Read 127 times

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Chako Author

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8 years ago

Correct!

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machukian

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8 years ago

Don't forget to vote my answer as best Nerd Face

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