CSPAN2 Burt Folsom The Myth Of The Robber Barons July 14, 2024
To do this they had to pass a tariff that virtually doubled the price of swiss watches so its roughly a 30 tariff on a 30 watch. He went to pay 30 for the swiss watch and 30 for the Customs Service for the tariff so now its become a 60 watch and a lot of american watchmakers thought good, if art of 45 and the swiss is 60, maybe more people will buy our watches. Even though they dont tell time very well. Well, you might say may be and remain at least we gain a few watch sales but look at it this way. We lose car sales. Because switzerland absolutely cut us off in our exports. Now, think about t...
Source: archive.org
