Author : Emory R. Johnson
Publisher :
ISBN 13 : 9781330941041
Total Pages : 422 pages
Book Rating : 4.9/5 (41 download)
Book Synopsis History of Domestic and Foreign Commerce of the United States, Vol. 2 (Classic Reprint) by : Emory R. Johnson
Download or read book History of Domestic and Foreign Commerce of the United States, Vol. 2 (Classic Reprint) written by Emory R. Johnson and published by . This book was released on 2015-07-08 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from History of Domestic and Foreign Commerce of the United States, Vol. 2 Before considering in detail the history of the foreign commerce of the United States during the period of national life under the Constitution, it will be helpful to survey the status of the industries and trade of the United States in 1789 and 1790. This will afford a fixed point from which to measure the progress antecedent and subsequent to the adoption of the Constitution. The year 1789 was significant in the economic as well as the political history of the United States. The country was recovering from the business depression that had begun in 1785. The revival of industry from the setback of that year had been slow, but the country was in reality economically sound. Abundant available resources awaited development; and what was needed to enable business to expand was an effective government with power to provide itself with revenue, to establish public credit, to create a sound national currency, and to regulate interstate and foreign trade. The government under the Constitution, steadied by the judgment of Washington and guided by the financial and political genius of Hamilton, established conditions required for the internal development of the country. The working out of international relations favorable to the foreign trade of the United States proved to be a more difficult task Indeed, it was long after the second war with Great Britain that the United States first secured satisfactory commercial treaties with several import ant powers. The handicap which this placed upon the foreign trade of the United States was, as will be pointed out later, more than overcome, from 1793 to 1805, by the continental European wars that gave American merchants exceptional opportunities is neutral traders. The Constitution and the measures adopted early in Washington's administration enabled internal industry and trade to continue the growth that had started before 1789; but foreign commerce was given its first strong impulse by the continental wars. The growth in population, by natural increase and by immigration, was rapid. The first census of the United States, taken in 1790, showed that there were 3,921,326 people in the country, of whom about five-sixths were white and one-sixth black. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
