The names generally connected with nineteenth century monetary patriotism are the prim States Secretary of the Treasury Alexander Hamilton, the German-American Friedrich List. American business analyst Henry Clay. Hamilton's 1791 Report on Manufactures, his shows the establishing text of the American System, and drew from the mercantilist economies of under Elizabeth I and France under Colbert, Rundown's 1841 Das Nationale System der Pol Okonomie (converted into English as The National System of Political Economy), which und phases of development. Hamilton affirmed that fostering an industrialized economy was inconceivable without protectionism since import obligations are important to shield home "newborn child businesses" until they could accomplish economies of scale. [9] Such specul demonstrated powerful in the United States, with a lot higher American normal levy rates items among 1824 and the WWII time frame than most other countries, [10] Nationalist arrangements, including protectionism, were sought after by American lawmaker Henry Cl