=414. Reduction of customs duties.=—In this period, therefore,
there was a general overhauling of the old tariffs. Export duties
disappeared. Prohibitions were dropped, and import duties were reduced.
Narrow restrictions, designed to favor merchant shipping, were
reformed. Liberal commercial treaties became the fashion, and Europe
was soon covered with a network of them after England and France had
set the example in 1860. These treaties became of especial importance
because they now included generally the clause of “the most favored
nation,” by which a participant in the treaty was assured that it
should share, without delay and without need of recompense, in any
favors that might be granted to other states. The slightest concession,
therefore, effected a general reduction of duties in Europe. An English
author, writing in 1882, found that in the period from 1860 to 1880
tariffs had been raised in only two of the sixteen European states.
Apart from these two exceptions, which were not important, tariffs had
undergone substantial reductions; of 2,140 items existing in 1860 only
136 had been raised, while 900 had remained the same and no less than
1,104 had either been lowered or removed altogether from the list.
These reforms were undoubtedly responsible in part for the remarkable
growth of the world’s commerce in the period which they covered.
=415. The return to protection.=—The free-trade movement has been
followed, in the last quarter of the century, by a decided reaction
to protection. Since about 1880 increase in the customs duties has
been the rule in Europe, and reductions have been exceptional. No
single cause can be held responsible for this change. The growth of
national feeling and of international tension in Europe since 1870
has undoubtedly disposed governments to listen more readily to the
complaints of citizens who suffer from competition, and ask for
protection against foreigners. Competition, moreover, has widened
its range of action and become more keen. The countries which gained
new markets for their agricultural products, and flourished during
the period of development of steam transportation in Europe, have
lost their foreign markets and find their home markets menaced, as
the transportation system has grown to embrace other continents and
now brings cheap products from across the seas to the door of the
European consumer. Countries which willingly accepted the manufactures
of advanced industrial states when their own industries were in a
primitive stage of development have since aspired to establish modern
factories of their own at home.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account