Albert J. Beveridge Quotes
We will establish trading posts throughout the world … cover the ocean with our merchant marine. Our institutions will follow the flag on the wings of commerce.
Albert J. Beveridge, 1862-1927, U. S. Senator (Republican, IN), Founder, Progressive League, Maiden Senate Speech, January 9, 1900
Sourced by: Eigen's Political and Historical Quotations
There were many Americans and Mexicans who believed that the conquest of all of Mexico was well under way, our having earlier obtained Texas, New Mexico, Colorado, California, and Arizona.
This quotation is interesting as it shows that and the end of the 19th century, although the United States was over 100 years old, we were first beginning to be major world traders. Not that our merchant marine was not yet world class. Another interesting facet of the quote is that the President was claiming that foreign trade was good for the domestic economy. Much of America in its first 100 years supported protectionism for American manufacturers.
While Wilson is often thought of a humanist and a man committed to World peace and national rights of independence, he was also a committed economic imperialist. See {585454} for another example.
At that period of American History, the Republicans supported high tariffs and protectionism for American companies and it was the Democrats who were the advocates of free trade. Later each of the parties would flip flop their positions and then say that they were advocating their traditional principles.
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.
The industrial revolution was also creating an entirely new form and structure for international economics.
Burke was one of the few in England who predicted economic and commercial success of America.
Albert Jeremiah Beveridge was an American historian and US senator from Indiana. He was an intellectual leader of the Progressive Era and a biographer of Chief Justice John Marshall and President Abraham Lincoln.