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But how do we expect the men who profit by an extortionist tariff to join in the

the Tuesday for the reduction of that tariff. We believe that the tariff must be reformed by those who have suffered from it, not by those who have profited by it. The So, the the Next to Smoot Holly, which is remembered maybe because it's closer to modern times than any other big tariff bill I think Payne-Alderidge is the most

significant and it is the signature piece of infamous legislation of the presidency

of William Howard Taft and crucial to understanding that president.

We're to talk a bit about him, his presidency that he probably didn't really want to happen. The first thing to understand is that the Republican Party had always been in favor of high tariffs and is protection of industry.

This goes back to their roots as essentially the reformation of the Whig Party and the

Whig was a party was a high tariff party.

There were always some exceptions, particularly southern wigs,

that might not be in support of those tariffs, but generally speaking that was the way the parties played out in

support of manufacturing two things happen as you get to the turn of the

century and one is that there's an increasing awareness and realization of trusts that some

companies are just so large and these holding companies that own other companies in

complex webs and that tariffs by driving up prices hurt consumers and

make people who own manufacturers very rich.

In the episode on Reed Smoot, we talked a bit about Grover Cleveland's position on that.

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