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- Title
INDUSTRIAL BOUNTIES AND REWARDS BY AMERICAN STATES.
- Authors
Powell, Fred Wilbur
- Abstract
The article focuses on the industrial bounties of the American states. The infant Industry, have been constantly presented before the U.S. Congress and also before our state legislative bodies, but with results which have received too little comprehensive attention from the student of public affairs. From earliest colonial times until late in the last century, attempts were made to introduce silk culture in the U.S. The Connecticut bounty had little effect except in the vicinity of Mansfield, where considerable sewing silk was produced. Connecticut responded in 1832, with an act, which offered bounties of fifty cents a pound on reeled silk and one dollar for every hundred mulberry trees. This act was repealed in 1839. The decade of the thirties is remembered as a period of excessive speculation in lands and in railroads, and it was only natural that the widespread movement for the introduction of silk culture should have attracted those who cared for nothing except immediate profits. While silk was the favorite subject for encouragement by means of bounties, other textile materials were also aided in this manner.
- Subjects
UNITED States; BOUNTIES (Subsidies); COMMERCIAL policy; INDUSTRIAL laws &; legislation; RAILROADS; SERICULTURE
- Publication
Quarterly Journal of Economics, 1913, Vol 28, Issue 1, p191
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1884933