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Jesús Fernández-Villaverde: U.S. embargo and War of 1812 boosted manufacturers

Jesús Fernández-Villaverde: U.S. embargo and War of 1812 boosted manufacturers
U.S. embargo and tariffs aided manufacturing

Jesús Fernández-Villaverde discusses an argument often cited in economic history courses regarding the impact of the U.S. trade embargo of 1807, subsequent non-importation measures, and the War of 1812 on domestic manufacturing.

He explains that these events are commonly referenced as reasons why tariffs may benefit national industries by providing a boost to local manufacturers.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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