ABSTRACT
The industrial development of the United States, in the early stages of the growth of the industrial organism as a whole, as well as in the early stages of each individual industry, presents an almost ideal case for the application of the (Hamilton-List) infant-industry argument. But in the majority of instances, nascent American industries found foreign producers in possession. That the emergence of those industries and their conquest of the American market also the development of certain factors, such as water power were materially facilitated by protection is obvious. A number of industries, of which wool and sugar are conspicuous instances, always remained, for a considerable part of their output, dependent on protection. It is those cases of 'high-cost industries' which, though they demonstrate, still better than any other, the power of the tariff to increase the size of a country's industrial apparatus, are particularly exposed to well-founded objections on purely economic grounds.
