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Commercial
May 26, 1890
Waterbury Evening Democrat
Waterbury, New Haven County, Connecticut
What is this article about?
The US broadcloth manufacturing industry has been destroyed by protectionist policies that tax raw wool, eliminating domestic production that once won international prizes in 1851, harming farmers, workers, and consumers without benefits.
Clipping
OCR Quality
98%
Excellent
Full Text
Protection Has Killed the Manufacture of Broadcloth.
There is not a yard of fine broadcloth manufactured in the United States. The industry has been 'protected' into its grave. It flourished in the days of free wool, and it was an American mill that took the first prize at the Crystal Palace exhibition in London in 1851. But now, under our senseless policy of taxing raw material, it has vanished. So the farmer is deprived of a market for his wool, workmen find the market for their labor curtailed just so much, the consumers suffer. Absolutely no one is benefited—and yet, protection is supposed to build up home manufactures.
There is not a yard of fine broadcloth manufactured in the United States. The industry has been 'protected' into its grave. It flourished in the days of free wool, and it was an American mill that took the first prize at the Crystal Palace exhibition in London in 1851. But now, under our senseless policy of taxing raw material, it has vanished. So the farmer is deprived of a market for his wool, workmen find the market for their labor curtailed just so much, the consumers suffer. Absolutely no one is benefited—and yet, protection is supposed to build up home manufactures.
What sub-type of article is it?
Manufacturing
Policy
Economic
What keywords are associated?
Protectionism
Broadcloth Industry
Wool Tax
Us Manufacturing Decline
Economic Policy Impact
Where did it happen?
United States
Commercial Details
Location
United States
Event Date
Post 1851
Commodities
Broadcloth
Wool
Notable Details
No Fine Broadcloth Manufactured In Us
American Mill Won First Prize At Crystal Palace 1851
Industry Flourished With Free Wool
Vanished Due To Taxing Raw Material
Deprives Farmers Of Wool Market
Curtails Labor Market
Consumers Suffer
No One Benefited