Latest posts tagged with #TradeHistory on Bluesky
Our researcher Pablo Cañón García defends his #PhD thesis on how merchants operated in the polycentric imperial order of the Iberian Atlantic during the Union of the Crowns of Portugal and Castile (late #16thcentury - mid #17thcentury) 👉 www.eui.eu/events?id=58...
🎓📚 #TradeHistory #ImperialHistory
Start reading: perspectivia.net/rec...
#economichistory #tradehistory #globaltrade #colonialhistory #imperialhistory #ethics #economicconscience
2/2
200 years ago, the Erie Canal changed trade and the environment forever #Technology #Other #ErieCanal #TradeHistory #EnvironmentalImpact
4/11 Economist Paul Krugman: "You should think of Trump's trade policy as the second coming of the 1930 Smoot-Hawley tariff, effectively reversing 90 years of trade liberalization."
#SmootHawley #TradeHistory
6/9 Todd Tucker of the Roosevelt Institute warns of global implications:
"Trump is disrupting global trade relations in a way that we haven't seen since the 1930s."
No president before Trump has used emergency powers to impose tariffs.
#TradeHistory
3/11 Remember this number: 2.5%
That was the average U.S. tariff before Trump took office.
For decades, advanced economies lowered tariffs to create mutual prosperity.
High tariffs deepened the Great Depression and helped cause WWII.
#TradeHistory
9/10 Softwood has been a Canada-US flashpoint for decades. The countries have been without a softwood deal since 2015.
Now it's become central to preventing broader trade war escalation.
#TradeHistory #SoftwoodDispute
Globalization isn’t new.
Ancient empires were already outsourcing, importing, and getting rich.
Modern trade is just the remix.
🐪📦🌍
#Brewminate #Globalization #SilkRoads #TradeHistory #AncientEconomy
📜 Customs Chronicles
⏳ 1733, the British Molasses Act: steep tariffs on rum and molasses imported to the North American colonies from non-British territories.
💥The result? Resistance laying the groundwork for future trade regulation reform .
🔗zurl.co/FUzrV
#TradeHistory #GlobalTrade
6/7 The 1985 Act has been used twice before—by Brian Mulroney against the U.S. Cuba embargo in 1992, and by Stephen Harper against Buy American provisions for an Alaskan ferry terminal in B.C. in 2014—but never to punish offshoring companies.
#TradeHistory #CanadaUS
Trump's claim that China hasn't fully engaged in business with the U.S. overlooks decades of extensive trade between the two nations. #USChinaRelations #GlobalTrade #EconomicPowerhouses #InternationalRelations #TradeHistory #Geopolitics
Two Indian Ocean islands in the eyes of Dutch merchants
Our #PhD researcher Rohit Prabu recently published an article @journalmaritime.bsky.social on #17thcentury Dutch East India Company activities in Mauritius and Madagascar 👉 loom.ly/Wy4O76Q
📚 #TradeHistory #ColonialHistory
Explore how Lisbon became a pivotal hub in the Silk Road trade, connecting Europe and Asia and influencing global commerce! 🌍✨ #Lisbon #SilkRoad #CulturalHeritage #TradeHistory #GlobalConnections
Read more: portugaltoday.news/article/discovering-lisb...
3/9 "Eighty years of global U.S. economic leadership are over," declared Carney, signalling a fundamental shift in the historic trade relationship between the neighbouring countries, though he emphasized the US remains Canada's main security and defence ally.
#ForeignRelations #TradeHistory #CDNpoli
5/ Tariff Act of 1930 (aka Smoot-Hawley)
Mostly about setting rates, but Sec. 336 lets the President adjust tariffs to equalize costs.
🔗 www.law.cornell.edu/uscode/text/...
#TradeHistory #SmootHawley
Like many ports in southern Ukraine, Mariupol thrived on trade across the Black Sea, first with the Byzantine Empire and later with the Ottomans after their rise to power. #TradeHistory 🌍🚢
Trading wine for cod 🍷🐟: The French-Norwegian #Chamber of Commerce was established in 1919 by French and Norwegian merchants & industrialists to enhance economic relations and promote trade between #France and #Norway. Our collaboration continues! 🇫🇷🇳🇴
#helloworld
#francenorway
#tradehistory
6/10 The irony? In the 19th century, the US had just a 14-year copyright term! Critics called America a "pirate nation" for stealing works from other countries. Now they demand the world adopt their excessive terms.
#TradeHistory #Hypocrisy #Copyright
1/5
Hey Bluesky fam, did you know aggressive tariffs have a long history of backfiring? Take the Smoot–Hawley Tariff of 1930—meant to protect US jobs but instead sparked global retaliation and deepened the Great Depression. #TradeHistory #EconomicLessons
![**Will the US Become the Next UK?**
Historically, the United Kingdom has applied tariffs and other protectionist measures at various points to support and develop its manufacturing sector, though this strategy evolved over time.
1. **Early Protectionism and Industrial Promotion**: During the 14th century, Edward III banned woolen cloth imports to foster local manufacturing. Under Henry VII and later Tudor monarchs, policies such as increased export duties on raw wool, subsidies, and import restrictions were used to promote the domestic wool industry. A significant turning point came in 1721 under Robert Walpole, who implemented high tariffs on imported manufactured goods, export subsidies, and reduced tariffs on raw materials. These policies helped establish Britain as a global industrial leader during the Industrial Revolution. By 1820, tariffs on manufactured imports averaged 45-55%, supporting domestic industry development [2].
2. **Shift to Free Trade in the Mid-19th Century**: By the mid-19th century, Britain transitioned from protectionism to free trade. The repeal of the Corn Laws in 1846 marked a major shift toward liberalizing trade. While tariffs on many goods were abolished, Britain continued regulating strategic industries like machinery production to maintain its competitive edge [2][5].
3. **Post-War Protectionism and Import Controls**: Following World War II, the UK reintroduced some protective measures due to economic necessity and a commitment to planned economic strategies. Import quotas and licensing systems were used extensively in the late 1940s and early 1950s to protect domestic manufacturing from foreign competition. For example, by 1950, import duties accounted for 31.2% of total imports, and import controls protected up to 16.5% of British manufacturing output [1][3].](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:3epzqefaicyxkh2z3fywbmy5/bafkreihcxfawzyg6xtlcmohtvirnyywa3jhfoes373o7vlmco4ldc3lfsa)
**Will the US Become the Next UK?** Historically, the United Kingdom has applied tariffs and other protectionist measures at various points to support and develop its manufacturing sector, though this strategy evolved over time. 1. **Early Protectionism and Industrial Promotion**: During the 14th century, Edward III banned woolen cloth imports to foster local manufacturing. Under Henry VII and later Tudor monarchs, policies such as increased export duties on raw wool, subsidies, and import restrictions were used to promote the domestic wool industry. A significant turning point came in 1721 under Robert Walpole, who implemented high tariffs on imported manufactured goods, export subsidies, and reduced tariffs on raw materials. These policies helped establish Britain as a global industrial leader during the Industrial Revolution. By 1820, tariffs on manufactured imports averaged 45-55%, supporting domestic industry development [2]. 2. **Shift to Free Trade in the Mid-19th Century**: By the mid-19th century, Britain transitioned from protectionism to free trade. The repeal of the Corn Laws in 1846 marked a major shift toward liberalizing trade. While tariffs on many goods were abolished, Britain continued regulating strategic industries like machinery production to maintain its competitive edge [2][5]. 3. **Post-War Protectionism and Import Controls**: Following World War II, the UK reintroduced some protective measures due to economic necessity and a commitment to planned economic strategies. Import quotas and licensing systems were used extensively in the late 1940s and early 1950s to protect domestic manufacturing from foreign competition. For example, by 1950, import duties accounted for 31.2% of total imports, and import controls protected up to 16.5% of British manufacturing output [1][3].
![4. **Decline of Protectionism in Recent Decades**: From the 1970s onward, Britain moved away from protectionist policies as it embraced globalization and joined the European Economic Community (EEC). This shift exposed British manufacturers to greater competition but also led to specialization based on comparative advantage. However, this transition contributed to a decline in manufacturing's share of GDP relative to services [3].
In summary, while tariffs and protectionist measures were historically pivotal in fostering British manufacturing during its industrialization phase, these policies were largely abandoned in favor of free trade by the mid-19th century and further diminished in the late 20th century as part of broader economic liberalization efforts.
#UKManufacturingHistory #Protectionism #FreeTrade #IndustrialRevolution #EconomicPolicy #TradeHistory #BritishEconomy #Globalization #CornLaws #PostWarEconomy #EconomicLiberalization #ManufacturingSector #TradePolicy #HistoricalEconomics #UKTrade
Citations:
[1] https://www.thebritishacademy.ac.uk/documents/3338/The_British_Academy_Trade_Policy_History.pdf
[2] https://en.wikipedia.org/wiki/Tariff
[3] https://assets.publishing.service.gov.uk/media/5a7c8b07ed915d6969f459d1/ep2-government-policy-since-1945.pdf
[4] https://en.wikipedia.org/wiki/Tariff_in_United_States_history
[5] https://www.parliament.uk/about/living-heritage/transformingsociety/tradeindustry/importexport/overview/freetrade/
[6] https://history.state.gov/historicaldocuments/frus1950v01/d277
[7] https://www.mercatus.org/economic-insights/expert-commentary/history-lesson-uks-free-trade-aims
[8] https://www.nytimes.com/live/2025/02/01/us/trump-tariffs-news](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:3epzqefaicyxkh2z3fywbmy5/bafkreiek5h4tev6nzqboztfcr5w2zh4pzm5kbulcg7c5cwc2lqcxa2iho4)
4. **Decline of Protectionism in Recent Decades**: From the 1970s onward, Britain moved away from protectionist policies as it embraced globalization and joined the European Economic Community (EEC). This shift exposed British manufacturers to greater competition but also led to specialization based on comparative advantage. However, this transition contributed to a decline in manufacturing's share of GDP relative to services [3]. In summary, while tariffs and protectionist measures were historically pivotal in fostering British manufacturing during its industrialization phase, these policies were largely abandoned in favor of free trade by the mid-19th century and further diminished in the late 20th century as part of broader economic liberalization efforts. #UKManufacturingHistory #Protectionism #FreeTrade #IndustrialRevolution #EconomicPolicy #TradeHistory #BritishEconomy #Globalization #CornLaws #PostWarEconomy #EconomicLiberalization #ManufacturingSector #TradePolicy #HistoricalEconomics #UKTrade Citations: [1] https://www.thebritishacademy.ac.uk/documents/3338/The_British_Academy_Trade_Policy_History.pdf [2] https://en.wikipedia.org/wiki/Tariff [3] https://assets.publishing.service.gov.uk/media/5a7c8b07ed915d6969f459d1/ep2-government-policy-since-1945.pdf [4] https://en.wikipedia.org/wiki/Tariff_in_United_States_history [5] https://www.parliament.uk/about/living-heritage/transformingsociety/tradeindustry/importexport/overview/freetrade/ [6] https://history.state.gov/historicaldocuments/frus1950v01/d277 [7] https://www.mercatus.org/economic-insights/expert-commentary/history-lesson-uks-free-trade-aims [8] https://www.nytimes.com/live/2025/02/01/us/trump-tariffs-news
**Will the US Become the Next UK?**
#UKManufacturingHistory #Protectionism #FreeTrade #IndustrialRevolution #EconomicPolicy #TradeHistory #BritishEconomy #Globalization #CornLaws #PostWarEconomy #EconomicLiberalization #ManufacturingSector #TradePolicy #HistoricalEconomics #UKTrade
🌍✨ Explore the journey of tobacco, a plant that shaped cultures and economies! From sacred rituals to a cash crop, its story is one of exchange, exploitation, and transformation. Discover its impact on trade routes and social practices. 👉 Read more! #TradeHistory #PlantHistory
Institutions and trade during the first globalization
Our Max Weber Fellow Juan José Rivas Moreno recently published a book on the capital market of Manila and the Pacific trade #17thcentury - #19thcentury 👉 loom.ly/_uXwP3A
📚 #EconomicHistory #TradeHistory #skystorians
@KentNavalesi My eye goes immediately to the sites in China, India, the Middle East & Central Asia: known ports & trade hubs & interesting leads. A fascinating map of #exploration, #TradeHistory & the #SilkRoads, & a terrific archaeological resource.
🙏 #Ashmolean & #OxfordUniversity
"Nientedenada on Commodore Perry and the USA's motivations for "opening" Japan through coercion.
www.reddit.com/r/AskHistorians/comments...
#JapaneseHistory #Shogunate #TradeHistory #AsianHistory #HistJapan"
