Growth and Transformati18

Growth and Transformati18 - Growth and Transformation After...

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Unformatted text preview: Growth and Transformation After two great wars, the United States comes of age President Cleveland also opposed the protective tariff on foreign goods, which had come to be accepted as permanent national policy under the Republican presidents who dominated the politics of the era. Cleveland, a conservative Democrat, regarded tariff protection as an unwarranted subsidy to big business, giving the trusts pricing power to the disadvantage of ordinary Americans. Reflecting the interests of their Southern base, the Democrats had reverted to their pre-Civil War opposition to protection and advocacy of a "tariff for revenue only." Cleveland, narrowly elected in 1884, was unsuccessful in achieving tariff reform during his first term. He made the issue the keynote of his campaign for reelection, but Republican candidate Benjamin Harrison, a defender of protectionism, won in a close...
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This note was uploaded on 12/21/2011 for the course AMH AMH2010 taught by Professor Pietrzak during the Fall '10 term at Broward College.

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