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When this book was published in 1934, Britain had been a protectionist country for three years. The Import Duties Act and the Ottawa Agreements were based upon four main principles the use of the tariff as an instrument of revenue, its use as a bargaining weapon, its use as a means of protecting domestic manufacturers, and its use as a means of fostering trade within the British Empire. This book is a valuable analysis of the years of protectionism, measuring the effects on the country's trade and economy.
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