Goods Quotes
Harris opened up trade with Japan for the United States. The problem at the time had nothing to do with the potential economic effects of trade on domestic industry or balance of payments, but for the Japanese was strictly a cultural problem. They were in great fear of what today some call “cultural imperialism”--the adoption of a foreign culture. The Japanese had been so fearful of cultural influence of foreigners that when some Japanese fishermen’s boat had been sunk and they had been rescued by foreign seamen and returned to Japan, they were executed as they had been “contaminated” and could “contaminate” the rest of the population.
The issue of free trade verses protectionism has been with us throughout American history with national sentiments going one way and then later the other, only to come back and the cycle has gone on. Floyd was very modern in his economic views, so much so that he, even as a Southern politician, opposed slavery on the grounds that it was economically inefficient and the South would never develop industrially if it had no incentive, as existed in the North and England, to reduce the amount of labor required for economic opportunity. He was right on that point as well.