Protectionists And Trustbusters – OpEd

The year 1890 was eventful in the U.S. Congress. President Benjamin Harrison signed the ostensibly antimonopoly Sherman Act into law on July 2. Then, on October 1, President Harrison signed a tariff bill—known ever since as the McKinley Tariff—which raised the average duty on imported goods from 38 to 50 percent of their...