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Summer School 5: 250 years of trade history in three chapters

Planet Money

CHAPTER

The Evolution of Tariffs and Free Trade in the U.S.

This chapter examines the historical progression of tariffs in the United States, from their origins as a revenue source to becoming a protective mechanism for local industries. It highlights key figures like Cordell Hull and the shift towards free trade, juxtaposing economic theories from Adam Smith and David Ricardo.

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