Speech #830127209

For the past 150 years American business and industry has enjoyed a relative high protective tariff. When foreign goods were produced and shipped to this country to compete with our own manufacturers a tariff was levied on these goods in order that the American manufacturer could sell his goods a little cheaper than the foreign competitor. From the earliest history of our country we have had immigration laws that limited the number of people coming to this country. This was necessary in order to keep from flooding our labor market. In more recent years we have passed a minimum wage law and have given the laboring man the right to collective bargaining.