In this provocative work, William Mason Grosvenor examines the economic theory of protectionism and its impact on the British economy. Arguing that free trade is the key to long-term prosperity, Grosvenor critiques the arguments of protectionists and challenges their assumption that trade barriers can safeguard domestic industries. The book’s clear, concise style and incisive analysis make it an important contribution to the ongoing debate over trade policy.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the 'public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.