Domestic industry

Definition and stakes

Portrait of Daniel Webster Daniel Webster,  The Great Speeches and Orations of Daniel Webster

“ He seems to me to argue the question as if all domestic industry were confined to the production of manufactured articles; as if the employment of our own capital and our own labor, in the occupations of commerce and navigation, were not as emphatically domestic industry as any other occupation. Some other gentlemen, in the course of the debate, have spoken of the price paid for every foreign manufactured article as so much given for the encouragement of foreign labor, to the prejudice of our own. ”
Source: Gutenberg

Portrait of Daniel Webster Daniel Webster,  The Great Speeches and Orations of Daniel Webster

“ The employments of agriculture, commerce, and navigation are all branches of the same domestic industry; they all furnish employment for American capital and American labor. And when the question is, whether new duties shall be laid, for the purpose of giving further encouragement to particular manufactures, every reasonable man must ask himself, both whether the proposed new encouragement be necessary, and whether it can be given without injustice to other branches of industry. ”
Source: Gutenberg

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