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The Aftermath of Hamilton's “Report on Manufactures”

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  • IRWIN, DOUGLAS A.

Abstract

Alexander Hamilton's “Report on Manufactures” (1791) is a classic document of U.S. economic policy, but its fate in Congress is not well known. It is commonly believed that the report was never implemented. Although Hamilton's proposals for bounties (subsidies) failed to receive support, virtually every tariff recommendation was adopted by Congress in early 1792. These tariffs were not highly protectionist because Hamilton feared discouraging imports, which were the critical tax base on which he planned to fund the public debt. As a consequence, protectionist interests shifted their political support from the Federalists to the Jeffersonian Republicans during the 1790s.

Suggested Citation

  • Irwin, Douglas A., 2004. "The Aftermath of Hamilton's “Report on Manufactures”," The Journal of Economic History, Cambridge University Press, vol. 64(3), pages 800-821, September.
    • Handle: RePEc:cup:jechis:v:64:y:2004:i:03:p:800-821_00
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    Cited by:

    1. Rozalia KICSI & Simona BUTA, 2010. "Protectionism and “Infant” Industries. Theoretical Approaches," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 173-180.
    2. Taylor, Alan M. & Caliendo, Lorenzo & Feenstra, Robert & Romalis, John, 2021. "A Second-best Argument for Low Optimal Tariffs," CEPR Discussion Papers 15697, C.E.P.R. Discussion Papers.
    3. Caliendo, Lorenzo & Feenstra, Robert C. & Romalis, John & Taylor, Alan M., 2023. "A second-best argument for low optimal tariffs on intermediate inputs," Journal of International Economics, Elsevier, vol. 145(C).
    4. Matias Vernengo, 2005. "Economics Ideas and Institutions in Historical Perspective: Cairú and Hamilton on Trade and Finance," Working Paper Series, Department of Economics, University of Utah 2005_08, University of Utah, Department of Economics.

    More about this item

    JEL classification:

    • F1 - International Economics - - Trade
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services

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