SOCIAL SCIENCE TEXT-BOOKS EDITED BY RICHARD T. ELY OUTLINES OF ECONOMICS (Fourth Edition) HISTORY OF ECONOMIC Edition) By LEWIS H. HANEY, PH.D. THOUGHT (Revised BUSINESS ORGANIZATION AND COMBINATION By LEWIS H. HANEY, PH.D. PROBLEMS OF CHILD WELFARE By GEORGE B. MANGOLD, PH.D. SOCIAL PROBLEMS By EZRA T. TOWNE, PH.D. THE NEW AMERICAN GOVERNMENT (Revised Edition) By JAMES T. YOUNG, PH.D. COMPARATIVE FREE GOVERNMENT By JESSE MACY, LL.D., and JOHN W. GANNAWAY, M.A. AMERICAN MUNICIPAL PROGRESS By CHARLES ZUEBLIN APPLIED EUGENICS By PAUL POPENOE and ROSWELL S. JOHNSON, M.S. AGRICULTURAL ECONOMICS By HENRY C. TAYLOR, M.S.AGR., PH.D. THE LABOR MARKET By DON D. LESCOHIER, PH.D. EFFICIENT MARKETING FOR AGRICULTURE A HISTORY OF TRADE UNIONISM IN THE By SELIG PERLMAN, PH.D. INTERNATIONAL COMMERCIAL POLICIES By GEORGE M. FISK, PH.D., and PAUL S. PEIRCE, PH.D. COMMERCIAL POLICIES WITH SPECIAL REFERENCE TO THE UNITED STATES A TEXT-BOOK BY GEORGE MYGATT FISK, PH.D. LATE PROFESSOR OF COMMERCE UNIVERSITY OF ILLINOIS AND PAUL SKEELS PEIRCE, PH.D. PROFESSOR OF ECONOMICS New York THE MACMILLAN COMPANY 1923 All rights reserved PREFACE THE present volume is based on Fisk's International Commercial Policies which was published in 1907. That book proved very serviceable; but changes in conditions, legislation, and agencies since its appearance have been so extraordinary and present-day interest in the subject is so great, that a thorough revision has seemed highly desirable. Owing to the untimely death of Professor Fisk, such revision has fallen to the hands of another. The primary aim has been to bring the discussion down to date. The general plan and scope of the original have been retained; but some changes have been made both in emphasis and in arrangement of material, and many chapters have been entirely rewritten. Among modifications to which attention may be called are: the outline of American tariff legislation during the past sixteen years, together with a brief summary of post-war tendencies in Europe (Chapter IV); and the more extended treatment of export duties (Chapter V), trade prohibitions (Chapter VI), bases of valuation and weight, media of payment, discriminatory duties, dumping regulations, retaliatory duties, and preferential duties (Chapter VII), tariff systems and tariff commissions (Chapter VIII), free ports (Chapter X), commercial treaties (Chapters XI-XII), trade promoting institutions (Chapters XIII-XVI), and merchant marine policies (Chapter XVIII). Bibliographies and suggestive topics and questions at the ends of chapters have been revised, and some of those appended to the earlier chapters have been framed to invite further study of underlying principles of international trade. V M185602 |