Alexander Hamilton argued in the late 1700s for strong controls on imports to protect American industries from competition from more established English industries. This is an example of the _____ argument for trade restriction.

Question

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Hamilton's argument that the American industries were still in their infancy stage and needed protection from established English industries is an example of the infant industry argument for trade restriction. This argument suggests that temporary trade restrictions can help protect and allow young industries to grow and become competitive in the long run.

Alexander Hamilton Argued in the Late 1700s for Strong Controls