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The IndustrialistsHow the National Association of Manufacturers Shaped American Capitalism$
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Jennifer A. Delton

Print publication date: 2020

Print ISBN-13: 9780691167862

Published to Princeton Scholarship Online: September 2020

DOI: 10.23943/princeton/9780691167862.001.0001

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Trade, Tariffs, and the Postwar Economic Order

Trade, Tariffs, and the Postwar Economic Order

(p.159) 7 Trade, Tariffs, and the Postwar Economic Order
The Industrialists

Jennifer A. Delton

Princeton University Press

This chapter turns to the National Association of Manufacturers' (NAM) activities during the Cold War. The Cold War impeded full global economic integration, but it also provided an opportunity for free enterprise to show its superiority to state-directed economic systems. Hence, NAM and other international organizations had to conduct a high degree of coordination, standard-setting, and information exchange in order to globalize capitalism. But that work fostered tensions, especially with regard to tariffs. Tariff reduction was key to the postwar trade agenda. Here, NAM was, as usual, divided. But times were changing. The Cold War fight against communism required a commitment to international capitalism and freer trade. State-instigated tariffs were antithetical to postwar, free-market conservatives, a movement influenced by Austrian émigrés and enthusiastically embraced by NAM leaders.

Keywords:   Cold War, free trade, free enterprise, economic internationalism, tariffs, tariff reduction, postwar trade, international capitalism, National Association of Manufacturers

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