Shielding an economy by protecting it from foreign imports and favouring local produce.
Protectionist
Fact of the Day
During the gin craze in the eighteenth century, the ratio of gin shops to houses in London was as high as one to five.
Quote of the Day
"London, that great cesspool into which all the loungers of the Empire are irresistibly drained.
"
~ Sir Arthur Conan Doyle
On This Day
1586 American colonists arrived in Plymouth with large quantities of tobacco. Smoking caught on quickly, though it was also used in tea.
1694 The Bank of England was founded by an act of parliament as a way to finance government debt by private subscription.
1943 The concentrated Allied bombing of Hamburg led to a three hour firestorm that killed approx 30,000 civilians.