Thomas Jefferson and American Manufactures: History, Politics and Economics

M. L. Burstein

Chapter Chapter Four in Understanding Thomas Jefferson, 1993, pp 137-185 from Palgrave Macmillan

Abstract: Abstract Henry Adams’s (1889–1890/1986) history of the embargo shows that the United States had Hobson’s choice: America had either to abandon its lucrative overseas commerce or to truckle to British naval power, something the Federalists were glad to do. Jefferson and Madison, along with Gallatin, [1] sought to square this circle: they chose peaceable coercion — thus the embargo. The strategy failed: once again a great case made bad law.

Keywords: Public Debt; Industrial Policy; Monetary Theory; American Trade; British Empire (search for similar items in EconPapers)
Date: 1993
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DOI: 10.1007/978-1-349-13115-0_4

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