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Updated: June 22, 2025
She believed Germany had a great civilizing, culture-spreading mission in South-east Europe; and that the germs of this war lay in the policy of Chamberlain, the protectionism of the United States, the revengeful spirit and colonial selfishness of France. But she shuddered over the German cruelties in Belgium and France.
The arguments in favour of protectionism are set forth in Bowen's American Political Economy, last ed., N.Y., 1870; the arguments in favour of free trade are set forth in Perry's Political Economy, 19th ed., N.Y., 1887; and for an able and impartial historical survey, Taussig's Tariff History of the United States, N.Y., 1888, may be recommended.
And neither we nor the members of the European Common Market are so affluent that we can long afford to shelter high cost farms or factories from the winds of foreign competition, or to restrict the channels of trade with other nations of the free world. If the Common Market should move toward protectionism and restrictionism, it would undermine its own basic principles.
Despite the inevitable pressures that build up when the world economy suffers from high unemployment, we must firmly resist the demands for self-defeating protectionism. But free trade must also be fair trade. And I am determined to protect American industry and American workers against foreign trade practices which are unfair or illegal.
As some nations are tempted to turn to protectionism, our strategy cannot be to follow them, but to lead the way toward freer trade. To this end, in May of this year America will host an economic summit meeting in Williamsburg, Virginia. As we begin our third year, we have put in place a defense program that redeems the neglect of the past decade.
The economic roots of Militarism and of the confederacy of reactionary influences which are found supporting it Imperialism, Protectionism, Conservatism, Bureaucracy, Capitalism are subjected to a critical analysis.
And neither we nor the members of the European Common Market are so affluent that we can long afford to shelter high cost farms or factories from the winds of foreign competition, or to restrict the channels of trade with other nations of the free world. If the Common Market should move toward protectionism and restrictionism, it would undermine its own basic principles.
Charlotte Corday was surely a lunatic. Wilkes Booth I knew. He was drunk, had been drunk all that winter, completely muddled and perverted by brandy, the inheritant of mad blood. Czolgosz, the slayer of McKinley, and the assassin of the Empress Elizabeth were clearly insane. McKinley and Protectionism, Cleveland, Carlisle and Free Trade how far away they seem!
Progress was made on a number of economic issues in negotiations throughout the U.N. system. However, in spite of lengthy efforts in the United Nations, agreement has not been reached on how to launch a process of Global Negotiations in which nations might collectively work to solve such important issues as energy, food, protectionism, and population pressures.
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