The Online Library of Liberty

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• Preface
• The Comedy of Protection
• Book I: Fluctuations In the French Customs Tariff
• Chapter I: Colbertism and Its Effects
• Chapter II: From 1791 to 1814
• Chapter III: The Revenge of the ÉmigrÉs
• Chapter IV: The “feudatories” of the July Government
• Chapter V: Universal Suffrage—rampant Protectionism
• Chapter VI: Cobden and the 1860 Treaty
• Chapter VII: Submission of the Republicans to the Fiscal Policy of Their Adversaries
• Chapter VIII: Results of the 1860 Treaties
• Chapter IX: Economic Reaction of 1881
• Chapter X: Bargain Between Landlords and Manufacturers
• Chapter XI: Tariff Freedom
• Chapter XII: Breach In the Minimum Tariff
• Chapter XIII: Socialism and Dear Bread
• Chapter XIV: Deception
• Chapter XV: The Panacea of Bimetallism
• Chapter XVI: Underselling In Wines
• Chapter XVII: Tariff War Between France and Italy
• Chapter XVIII: Bounties to the Merchant Service
• Chapter XIX: Sugar Bounties
• Chapter XX: Import Bonds
• Chapter XXI: Temporary Admissions
• Chapter XXII: Foreign Trade Between 1860 and 1903—france and England
• Chapter XXIII: Thiers’ Agricultural Forecasts
• Chapter XXIV: Definite Results of the 1860 Treaty
• Chapter XXV: Reaction and the Protectionist Fever
• Book II: Protected and Restricted Industries
• Chapter I: The Postulates of Protection
• Chapter II: Relative Importance of Different Industries
• Chapter III: The Principal Group of Industries In France
• Chapter IV: The Textile Industries
• Chapter V: The Metal Trades
• Chapter VI: Skin and Leather Trade
• Chapter VII: Conclusion
• Book III: Bread and Meat In France
• Chapter I: Claims of the French Landed Proprietors
• Chapter II: Physiological Determination of the Standard Ration
• Chapter III: Bread In France
• Chapter IV: Protection and the Price of Bread
• Chapter V: Meat In France
• Chapter VI: Food In France, According to the Labour Bureau
• Chapter VII: French Agriculture and the Incidence of the Customs—deficiency In Production
• Book IV: The Protectionist Oligarchy
• Chapter I
• Book V: The Work of Death
• Chapter I: Food and Effort
• Chapter II: Nutrition and Evolution
• Chapter III: Nourishment and Mortality
• Chapter IV: Justice and Charity
• Book VI: Mr. Chamberlain’s Programme
• Chapter I: The Protectionist Tradition In England
• Chapter II: Mr. Chamberlain’s Programme
• Chapter III: Mr. Chamberlain’s Statements and the Customs House Returns
• Chapter IV: Export of Manufactures
• Chapter V: Food
• Chapter VI: Mr. Chamberlain and Imperial Unity
• Chapter VII: Arguments For Fiscal Reform
• Chapter VIII: Reasons For Mr. Chamberlain’s Defeat
• Book VII: Protection In the United States
• Chapter I: The American Tariff
• Chapter II: Protectionist Arguments
• Chapter III: Protection and Industrial Advance
• Chapter IV: The Burden of Protection
• Chapter V: Assessment of the Tariff
• Chapter VI: American Trade
• Chapter VII: Conclusions
• Book VIII: German National Economy
• Chapter I: National Political Economy
• Chapter II: Two Contradictory Fiscal Systems
• Chapter III: German Foreign Trade
• Chapter IV: Export Bounties and Cartels
• Chapter V: France and the New Tariff
• Chapter VI: Conclusions
• Book IX: Customs Statistics—the Balance of Trade, and the Balance of Indebtedness
• Chapter I: Customs Statistics
• Chapter II: The Balance of Trade and the Balance of Indebtedness
• Book X: MÉline’s Confession
• Chapter I: Conception—dramatising By M. MÉline
• Book XI: Protectionist Postulates and Economic Realities
• Chapter I: Protectionist Postulates
• Chapter II: Economic Realities
• Book XII: My Immediate Programme
• Chapter I: A Simple Programme
• Chapter II: Taxes On Extra European Goods Imported From a European Country
• Chapter III: The Export of Wines
• Chapter IV: Conditions of Export

CHAPTER XIV

DECEPTION

But the Customs duties were far from producing the effects promised by Méline and the other Protectionists; facts gave the lie to their prophecies. Encouraged by high protective duties capital had been poured into certain industries with the result of over-production. In spite of the 2s. per hundred-weight on wheat imposed in March, 1887, the price went on falling till 1890, when a bad harvest compelled the reduction of the duty to 1s. 2d. A series of good harvests sent prices down, but the 2s. 10d. duty failed to produce its full effect.