Why Manufacturing is Important to America
Why Manufacturing is Important to America
This week’s article begins a series of short articles on why manufacturing is important to the American economy. Our country’s Founding Fathers recognized the importance of developing a domestic manufacturing base instead of continuing to rely on imports from England, France, and the Netherlands. They established the U.S. patent system and protected the developing manufacturing industry with tariffs to discourage imports. This allowed the United States to be the world’s number one manufacturer for more than 100 years, accounting for as much as 25 percent of global manufacturing output in 2007. In 2010, China overtook the U.S. to become the world’s top manufacturing country by output.
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