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The US Perspective

In: Agriculture in the Uruguay Round

Author

Listed:
  • Jimmye S. Hillman

Abstract

Over the last two centuries the United States has suffered from isolationism, protectionism and lack of leadership in creating and maintaining consistent agricultural and trade policies. From the country’s beginning an export market was taken for granted as the natural order of things and national trade policy consisted essentially of arguments over tariffs and customs duties. After more than a century of this, World War I should have awakened the United States to its potential for a new role in world affairs. Its answer was a rejection of the League of Nations in the early 1920s, followed by a reinforced protectionism throughout that decade, and by the disastrous Hawley-Smoot Tariff Act of 1929. Failed protectionist attempts to ‘make the tariff effective for agriculture’ centred on five McNary-Haugen Bills (1924–8) which included a two-price system. As an added negative effect on world trade, the United States for some years after WWI ignored its new role as the world’s chief creditor.

Suggested Citation

  • Jimmye S. Hillman, 1994. "The US Perspective," Palgrave Macmillan Books, in: K. A. Ingersent & A. J. Rayner & R. C. Hine (ed.), Agriculture in the Uruguay Round, chapter 3, pages 26-54, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23123-2_3
    DOI: 10.1007/978-1-349-23123-2_3
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    Cited by:

    1. Timothy E. Josling & Stefan Tangermann, 2015. "Transatlantic Food and Agricultural Trade Policy," Books, Edward Elgar Publishing, number 15889.
    2. Redmond, Willie J., 2003. "A quantification of policy reform: an application to the Uruguay Round Negotiations on Agriculture," Journal of Policy Modeling, Elsevier, vol. 25(9), pages 893-910, December.

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