Warren G. Harding Quotes
The United States should adopt a protective tariff of such a character as will help the struggling industries of Europe to get on their feet.
Warren G. Harding, 1865-1923, 29th President of the United States (Republican, OH), Quoted in William Allan White, Autobiography, 1946
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Republicans at that time were adamant protectionists and were violently opposed to free trade. They made a total flip flop on free trade after the Second Word War when the industrial capacity of all of the major industrial nations except America was completely emaciated. America still had production and there was huge money to be made from being the only nation that could deliver goods to the world. Meanwhile Germany, France, England, and Italy, our largest competitors could hardly manufacture for their own needs and could not compete in the American market. So the American corporations then wanted to become free traders.
Democratic politicians of that era mostly opposed free trade because the experience ever since NAFTA showed that many manufacturing jobs were lost in the United States although many new jobs were created but few of these were good paying jobs that Americans with limited educations could perform as they were able to with manufacturing jobs. And during that period, the requirements for fair trade and foreign workers rights have been very poorly enforced. The Democrats split between those who thought that new trade treaties could be negotiated and enforced, correcting the problems of the past, and those who did not believe that such proper free trade was very likely.
Referring to NAFTA, CAFTA and other international trade agreements
At the time, Republicans were the protectionists and Democrats were free traders—the reverse of the party roles at the end of the 20th century and the beginning of the 21st.
Turgot was one of the most advanced economic thinkers in Europe and realized, even before most of the Americans, that by freeing itself England, that the Americans would be forced to become free traders and that in turn would make America a major Economic power despite the fact that American economic policy over the years vacillated between protectionism and free trade.
This summary of the problem of trying to politically “sell” free trade is as good as anyone has ever said it in America. And the problem and argument has not changed since. Free trade is good for most, but really harms some in specific situations. The beneficiaries often do not realize who they are or how they have benefitted, but those who are harmed generally know exactly how and what the damages are.
In England at the time, the liberals were for free trade and the conservatives against. In both England and America both liberals and conservatives have flip flopped their roles in foreign trade several times. Free trade is a two edged sword; it aids domestic growth, employment and prosperity in some cases and hurts them on others. And there are always winners and losers for each example of free trade within any country. The result is no long term commitment and much flip flopping.
Warren Gamaliel Harding was the 29th president of the United States, serving from 1921 until his death in 1923. A member of the Republican Party, he was one of the most popular U.S. presidents to that point. After his death, a number of scandals, including Teapot Dome, came to light, as did his extramarital affair with Nan Britton; those eroded his popular regard.