Should-Read: Brad DeLong (1995): Trade Policy and America’s Standard of Living: An Historical Perspective http://pages.ucsd.edu/~jlbroz/Courses/POLI142B/syllabus/delong.pdf: Before the Great Depression, the U.S. went through waves of protection and liberalization… …as the federal government’s demands for revenue and industry pressure for protection waxed and waned. Some advocates of protection then as now argued that it would enhance … Continue reading Should-Read: Brad DeLong (1995Trade Policy and America’s Standard of Living: An Historical Perspective