Difference between revisions of "Protectionism"
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(free trade vs protectionism vs nafta) |
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* [[Federalist Party]] (historical) | * [[Federalist Party]] (historical) | ||
* [[Whig Party]] (historical) | * [[Whig Party]] (historical) | ||
| − | * [[Republican Party]] (in the early 20th century) | + | * [[Republican Party]] (in the early 20th century; some factions currently favor it) |
* [[Reform Party]] | * [[Reform Party]] | ||
* [[Constitution Party]] | * [[Constitution Party]] | ||
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[[Category:Economics]] | [[Category:Economics]] | ||
| + | [[Category:Trade]] | ||
| + | [[Category:Nationalism]] | ||
Revision as of 13:09, September 18, 2017
Protectionism refers to protecting domestic workers and businesses against competition by foreign businesses. The term is often used in a pejorative sense to criticize tariffs and other measures that have the effect of helping Americans in an economic sense.
Free trade was historically considered the opposite of protectionism; however, modern free trade agreements (such as NAFTA) consist of the presence of laws rather than the absence of them, which could be interpreted as protectionism.
Protectionist Political Parties in the United States
- Federalist Party (historical)
- Whig Party (historical)
- Republican Party (in the early 20th century; some factions currently favor it)
- Reform Party
- Constitution Party