Admiration Quote by Alexander Hamilton
![“Passive commerce . . . should thus . . . [compel us] to content ourselves with the first price of our commodities, and to see the profits of our trade snatched from us, to enrich our enemies and persecutors. That unequalled spirit of enterprise . . . an inexhaustible mine of national wealth, would…” quote by Alexander Hamilton](https://sms4smile.com/quotes/img-quotes/308/alexander-hamilton-619_admiration_passive-commerce-should-thus-compel-us-t_952757.jpg)
“Passive commerce . . . should thus . . . [compel us] to content ourselves with the first price of our commodities, and to see the profits of our trade snatched from us, to enrich our enemies and persecutors. That unequalled spirit of enterprise . . . an inexhaustible mine of national wealth, would be stifled and lost; and poverty and disgrace would overspread a country, which, with wisdom, might make herself the admiration and envy of the world.”
About This Quote
Source The: Report on Manufactures, 1791
Neglecting fair trade harms national wealth and empowers rivals, leading to poverty and disgrace.
In simple terms: Unfair trade harms nation and benefits enemies.
Key Takeaway
Promote equitable commerce for prosperity.
Themes
economics
nationalism
trade
justice
Mood
serious
analytical
Type
historical
political
When to use this quote
- industrial policy
- foreign trade
- economic development
- social welfare
Key Concepts
mercantilism
public policy
Questions to Reflect On
- What policies ensure fair trade?
- How balance profit with public good?
A Different Perspective
Political opposition may resist reforms.
![“[W]ar is a question, under our constitution, not of Executive, but of Legislative cognizance. It belongs to Congress to say whether the Nation shall of choice dismiss the olive branch and unfurl the banners of War.” quote by Alexander Hamilton](https://sms4smile.com/quotes/img-quotes/bd8/alexander-hamilton-619_banner_w-ar-is-a-question-under-our-constitutio_33383.jpg)
![“It is one thing to be subordinate to the laws, and another [for the Executive] to be dependent on the legislative body. The first comports with, the last violates, the fundamental principles of good government; and, whatever may be the forms of the Constitution, unites all power in the same hands.” quote by Alexander Hamilton](https://sms4smile.com/quotes/img-quotes/be4/alexander-hamilton-619_body_it-is-one-thing-to-be-subordinate-to-the_129196.jpg)
