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Cit. , p. 14, p. 55] Combined with ready repression of the labour movement and government "homesteading" acts (see section 8.5 ), tariffs were the American equivalent of mercantilism (which, after all, was above all else a policy of protectionism, i.e. the use of government to stimulate the growth of native industry). Only once America was at the top of the economic pile did it renounce state intervention (just as Britain did, we must note). This is not to suggest that government aid was...