Report on the Subject of ManufacturesCosimo, Inc., 1 de nov. de 2007 - 84 páginas On December 5th, 1791, Alexander Hamilton, then the first U.S. Secretary of the Treasury, delivered to the House of Representatives a speech on the state of the economy of the young nation, and the best ways to promote it. This sixth edition, published in 1827, features two prefaces that place in context this groundbreaking treatise. Quite literally a foundational document of the United States, Hamilton's philosophy heartily endorses industrial subsidies and trade tariffs and embraces immigration and new technology. It established the underpinnings of the American economy for a century, and more. A towering figure of 18th-century history, American Founding Father ALEXANDER HAMILTON (1755-1804) was one of the new nation's first constitutional lawyers. As one of the authors of the Federalist Papers, which interprets the intent of the United States Constitution, his legal writings continue to be consulted and even revered today. |
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abundance additional advantages afford agriculture Alexander Hamilton already appear applied artificer augmentation balance of trade bounty branch capital cent cern circulation circumstances citizens commerce commodities competition consequence considerable cotton coun cultivation debt degree demand distributive justice dities division of labour domestic manufacture duce duction duty effect employed employment enterprise equal established Europe exertion expediency exportation extensive fabrics factures farmer favour flax foreign article funds furnish fustians greater hemp important improvements increase industry instances interest kind labour land less malt liquors manu manual labour manufac meliorations ment molasses national manufacturers nature neral objects operation ordinary profit particular peculiar premiums principal procure production progress promoting proper proportion prosecution pursuits quantity raw material reason render requisite revenue scarcity of hands soil species of encouragement spirit success supply surplus taxes tendency thing tillage tion tures United wealth wool workmen
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Página 55 - It is therefore of necessity left to the discretion of the national legislature, to pronounce upon the objects, which concern the " general welfare," and for which, under that description, an appropriation of money is requisite and proper.
Página 22 - It is worthy of particular remark, that, in general, women and children are rendered more useful, and the latter more early useful, by manufacturing establishments, than they would otherwise be. Of the number of persons employed in the cotton manufactories of Great Britain, it is computed that four-sevenths, nearly, are women and children ; of whom the greatest proportion are children, and many of them of a tender age.
Página 24 - To cherish and stimulate the activity of the human mind, by multiplying the objects of enterprise, is not among the least considerable of the expedients, by which the wealth of a nation may be promoted.
Página 44 - The internal competition which takes place soon does away with every thing like monopoly, and by degrees reduces the price of the article to the minimum of a reasonable profit on the capital employed. This accords with the reason of the thing, and with experience.
Página 60 - Good roads, canals, and navigable rivers, by diminishing the expense of carriage, put the remote parts of a country more nearly upon a level with those in the neighborhood of the town. They are, upon that account, the greatest of all improvements.
Página 21 - ... in a greater degree of the application of machinery than those of agriculture. If so, all the difference is lost to a community, which, instead of manufacturing for itself, procures the fabrics requisite to its supply from other countries. The substitution of foreign for domestic manufactures is a transfer to foreign nations of the advantages accruing from the employment of machinery in the modes in which it is capable of being employed with most utility and to the greatest extent.
Página 24 - The creating in some instances a new, and securing in all a more certain and steady demand for the surplus produce of the soil.
Página 28 - ... should induce them to confine their views to agriculture, and refrain from manufactures. A constant and increasing necessity, on their part, for the commodities of Europe, and only a partial and occasional demand for their own in return, could not but expose them to a state of impoverishment, compared with the opulence to which their political and natural advantages authorize them to aspire.
Página 32 - ... expatriating from Europe, have improved their own condition and added to the industry and wealth of the United States. It is a natural inference, from the experience we have already .had, that as soon as the United States shall present the countenance of a serious prosecution of manufactures; as soon as foreign artists shall be made sensible that the state of things here affords a moral certainty of employment and encouragement, competent numbers of European workmen will transplant themselves,...
Página 2 - It is an artificial force brought in aid of the natural force of man ; and, to all the purposes of labor, is an increase of hands, an accession of strength, unencumbered too by the expense of maintaining the laborer.