Synopsis
"Memoir On The Expediency And Practicability, Of Improving Or Creating Home Markets For The Sale Of Agricultural Productions And Raw Materials" by George Tibbits. This work expounds a program for strengthening the domestic economy by establishing and expanding home markets for agricultural outputs through the growth of artisanal and manufacturing capacity within the United States. Delivered before the Board of Agriculture of the State of New York (March 8, 1825), it argues that reliance on foreign manufactures depresses agriculture and creates economic vulnerability, urging prompt, concerted action by government and local societies to cultivate artisans, industries, and protected domestic production. Tibbits analyzes the conditions and obstacles to domestic manufacture, contrasts protectionist policy with England’s mercantile system, and presents historical precedent, constitutional considerations, and practical means—tariffs, prohibitions, and organized public opinion—to secure a self-sufficient home market for wool, cotton, hemp, iron, slate, and other commodities. The text also includes appendices and dialogues illustrating the interplay between farming interests, commerce, and the costs of foreign dependence, with a forward-looking vision of national wealth built from home industry.
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