Clashing Over Commerce: A History of US Trade Policy (Markets and Governments in Economic History)

by Douglas A. Irwin

Writing to Jefferson, Adams said, “We must not, my Friend, be the Bubbles of our own Liberal Sentiments. If We cannot obtain reciprocal Liberality, We must adopt reciprocal Prohibitions, Exclusions, Monopolies, and Imposts—our offers have been fair—more than fair. If they are rejected, We must not be the Dupes.”