This text offers a short account of England's foreign trade in the nineteenth century and looks at the economic and social results of commerce. First published in 1893, this is a revised version and it includes ten statistical diagrams.

Between the conclusion of the Napoleonic Wars and the outbreak of the First World War, Europe underwent a transformation unparalleled in its history. No comparable degree of change had occurred on the Continent since the New Stone Age. Theodore Hamerow examines the innovations that challenged nineteenth-century Europe, using a perspective that transcends events that occurred within national boundaries. He brings together political, social, diplomatic, and national developments to demonstrate how they relate to the profound transformations brought about by the industrial revolution. Using a wealth of statistics and other documentation to buttress insightful generalizations, Hamerow broadly appraises the implications of the shift in Europe from an agricultural to an industrial society. Among the subjects he considers are the rise of the middle and working classes, the spread of literacy and the enfranchisement of the masses, the growth of urban centers of manufacture and trade, the acquisition of colonies, the spread of military technologies, and the changes in the functions of governments.

Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs.Michael Lusztig's theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the size of foreign profits grow, former protectionists become active advocates for more and greater free trade opportunities.In a wide-ranging array of case studies—from nineteenth-century Britain to Depression-era United States to contemporary New Zealand, Australia, Brazil, Canada, Chile, and Mexico—Lusztig reveals that, if skillfully handled, governments can eliminate the obstacles to free trade and enjoy continued economic growth without fear of protectionist groups seeking revenge at the ballot box.