ABSTRACT
Imperialism naturally strives to fasten to the mother country the markets of each new territorial acquisition, convinced that only by such separate increments can the aggregate of our trade grow; and by the success of this policy it must justify the enormous national outlay which Imperialism involves. Imperialism, when it shakes off the “old gang” of politicians who had swallowed Free Trade doctrine when they were young, openly adopts the Protectionism required to round off this policy. Every business man can trace certain concrete advantages of goods and prices which come to us from the development of colonies by Protectionist countries. On the assumption that backward countries must be developed by foreign countries for the general good, a reasonable economy of power will apportion the work which remains to the “Imperialism” of other nations. Free Trade trusts for the increase of our foreign trade to the operation of the self-interest of other trading nations.
