The principles which should govern the commercial intercourse of nations, do not differ from those which regulate the dealings of private individuals. - Robert Peel

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The principles which should govern the commercial intercourse of nations, do not differ from those which regulate the dealings of private individuals.

English
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About Robert Peel

Sir Robert Peel, 2nd Baronet (5 February 1788 – 2 July 1850) was a British Conservative statesman who served twice as Prime Minister of the United Kingdom (1834–1835 and 1841–1846) simultaneously serving as Chancellor of the Exchequer (1834-1835) and twice as Home Secretary (1822–1827 and 1828–1830). He is regarded as the father of modern English policing, owing to his founding of the Metropolitan Police Service. Peel was one of the founders of the modern Conservative Party.

Also Known As

Alternative Names: Sir Robert Peel, 2nd Baronet Sir Robert Peel Peel Collection [2nd Bart.] 2nd Bart. Sir Robert Peel Robert, Sir, 2nd Bart. Peel Robert, 2nd Baronet Peel Sir Robert Peel, 2nd Bt Sir Robert Peel (1788-1850) Robert, Sir Peel Robert Peel (1788-1850) 2nd Baronet Peel

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I boldly maintain that the principle of protection to domestic industry, meaning thereby legislative encouragement for purpose of protection—duties on import imposed for that purpose, and not for revenue, is a vicious principle. I contest the hon. Gentleman's assumption, that you cannot fight hostile tariffs by free imports. I so totally dissent from that assumption, that I maintain that the best way to compete with hostile tariffs is to encourage free imports. So far from thinking the principle of protection a salutary principle, I maintain that the more widely you extend it, the greater the injury you will inflict on the national wealth, and the more you will cripple the national industry.

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