tariff protection

Why Do Infant Industries Need To Be Protected?

by

Why Do Infant Industries Need To Be Protected? The infant-industry theory states that new industries in developing countries need protection against competitive pressures until they mature and develop economies of scale that can rival their competitors‘. Why is it important to protect infant industries? To encourage and stimulate domestic production. To promote national security and

What Economic Policies Did Henry Clay Support?

by

What Economic Policies Did Henry Clay Support? Clay argued that a vigorously maintained system of sectional economic interdependence would eliminate the chance of renewed subservience to the free-trade, laissez-faire “British System.” In the years from 1816 to 1828, Congress enacted programs supporting each of the American System’s major elements. What policies did Henry Clay support?