Quotes about Domestic Trade

Dudley North

Nor in truth, can Forreign Trade subsist without the Home Trade, both being connected together.

John Law

Domestick Trade depends on the Money. A greater Quantity employes more People than a lesser Quantity. A limited Sum can only set a number of People to Work proportion'd to it, and 'tis with little success Laws are made, for Employing the Poor or Idle in Countries where Money is scarce; good Laws many bring the Money to the full Circulation 'tis capable of, and force it to those Employments that are most profitable to the Country: But no Laws can make it go furder, nor can more People be set to Work, without more Money to circulate so, as to pay the Wages of a greater number. They may be brought to Work on Credit, and that is not practicable, unless the Credit have a Circulation, so as to supply the Workman with necessaries; If that's suppos'd, then that Credit is Money, and will have the same effects, on Home, and Forreign Trade.

Adam Smith

The inland trade is almost perfectly free. This freedom of interior commerce. .. is perhaps one of the principal causes of the prosperity of Great Britain.

Louis XIV

Considering how advantageous it would be to this realm to reestablish its foreign and domestic commerce, ... we have resolved to establish a council particularly devoted to commerce, to be held every fortnight in our presence, in which all the interests of merchants and the means conducive to the revival of commerce shall be considered and determined upon, as well as all that which concerns manufactures. …. We also inform you that we are setting apart, in the expenses of our state, a million livres each year for the encouragement of manufactures and the increase of navigation, to say nothing of the considerable sums which we cause to be raised to supply the companies of the East and West Indies;

This is the origin of one of the first Departments of Commerce.

Brian Mulroney

The biggest trading partner of the United States is not West Germany or Japan, it's right here.

Henry Charles Carey

The men of this country, therefore, who desire that all men, black, white and brown, shall at the earliest period enjoy perfect freedom of thought, speech, action, and trade, will find, on full consideration, that duty to themselves and to their fellow-men requires that they should advocate efficient protection, as the true and only mode of abolishing the domestic trade in slaves, whether black or white.

America’s first political economist

James G. Blaine

It is vastly more important not to lose our own great market for our own people.

Robert Toombs

Conflicting commercial regulations of the different States shackled and diminished both foreign and domestic trade; hence the power to regulate commerce was conferred.

Oscar Wilder Underwood

We have at last awakened to the realization that foreign and domestic trade are not in separate water-tight compartments--that they flow through the same pipes and seek a common level. We cannot live by ourselves, shut off from the balance of the world, without working harm to our economic system that would require many years for repair.

There was still a large isolationist wing in Congress that was discovering that the economics of the world affected America as well.

William McKinley

No subject can better engage our attention than the promotion of trade and commerce at home and abroad. Domestic conditions are sure to be improved by larger exchanges with the nations of the world. We are already reaching out with good results. Our surplus products of agriculture and manufacture are finding a foreign market, and in the latter case to a degree which would not have been believed possible a quarter of a century ago. We have made wonderful progress in this direction, and have only just begun. Our manufactured products go to every nation of the world, and I hope the time may be not far distant when our ships, under the Stars and Stripes, will be on every sea where commerce is carried and the wants of mankind are to be supplied.

This quotation is interesting as it shows that and the end of the 19th century, although the United States was over 100 years old, we were first beginning to be major world traders. Not that our merchant marine was not yet world class. Another interesting facet of the quote is that the President was claiming that foreign trade was good for the domestic economy. Much of America in its first 100 years supported protectionism for American manufacturers.

Masayoshi Son

I think Snapdeal could become the Alibaba of India.

Sanjay Kumar

India has the unique advantages of having the biggest domestic market and this should support IT companies.

Jerry Z. Muller

Throughout history households had consumed most of the things that they produced and produced most of what they consumed.

Bryan Stevenson

Montgomery's unique role in the domestic slave trade was that it was the first community that had a rail line that connected the Deep South to the mid-Atlantic region.

Domestic Trade Quotes