If the system of perfect liberty to industry and commerce were the prevailing system of nations,But the system which has been mentioned, is far from characterising the general policy of Nations.In such a position of things, the United States cannot exchange with Europe on equal terms,A constant and increasing necessity, on their part, for the commodities of Europe, and only a partial and occasional demand for their own, in return, could not but expose them to a state of impoverishment,
Alexander Hamilton