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Excerpt from Financial Crises: Their Causes and Effects
That instability is the essential characteristic of the system called free trade, will be obvious to you on the most cursory examination of the facts presented by the Several periods of that system through which we have thus far passed. From more than in 1817, our iiii ports fell, in 1821, to In 1825, they rose to and then, two years later, they were but From 1829 to 1834, they grew almost regularly, but no sooner had protection been abandoned, than instability, with its attendant speculation, reappeared -the imports of 1836 having been greater, by 45 per cent, than those of 1834, and those of 1840 little more than half as great as those of 1836.
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bound: 64 pages
publisher: Forgotten Books (May 4, 2017)
isbn: 133081116X, 978-1330811160,
weight: 3.5 ounces (