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Jamieson Greer: “American per capita industrial output increased 525% from…”

Featuring: Jamieson Greer, U.S. Trade Representative | National

From Hamilton to Today: Trade and U.S. Economic Strategy with Ambassador Jamieson Greer

Published January 20, 2026 | Video Starts at 06:29

The formula worked. Towns like Paterson, New Jersey thrived. By the time of the Civil War, the American system had built up the beginnings of the American industrial machine. American per capita industrial output increased 525% from 1750 to 1860. eclipsing all other major countries other than the U.K. however, American ingenuity and productivity was held back by Southern slavery, which kept the country tied to an exploitative and backwards planter class that pushed ceaselessly for free trade. (06:29–06:38)

CLAIM

Asserts a 525% increase in American per capita industrial output from 1750 to 1860.

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Jamieson Greer

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“By 1913, US per capita industrial output was the greatest in the world, 10% greater than that of the UK.”
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“American industrial production soared by over 1000% between 1860 and 1910.”
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“Lyndon Johnson imposed 25% tariffs on pickup trucks that we still have to this day.”
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“President Nixon put a 10% global tariff on the world in 1971.”
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“We reduced that trade deficit with China by about 25% last year.”
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“Over the past year, there have been 650,000 jobs created. And they're all in the private sector and they're all to Americans.”
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“We're now down to 2.7 [percent inflation].”
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“Real wages went down by $3,000 over [the Biden] administration. We're already up $1,300.”
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“We're pumping more oil than we ever have and the price of gas is down lower than it's been since 2019.”
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“Canada put a big tariff on Chinese electric vehicles of 100%.”
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“Canada's GDP is 75% dependent on the United States.”
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“President Trump has revived [the American pragmatic trade] approach with great effect.”
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“This approach...has resulted in increased GDP. It's reversed the trend in our trade deficit. It's boosted our wages, particularly for blue…”
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“Congress...has delegated a lot of that authority to the President.”
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“Paterson [New Jersey] then became one of the poorest cities in the United States.”
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“President Abraham Lincoln was a strong proponent of tariffs.”
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“Smoot Hawley ended up raising the average tariff rate from 40 to 46%.”
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“We protected our industry from foreign competition where that was necessary to unlock growth or to counteract Unfair production conditions…”
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“We leveraged the same playbook when we faced the challenge of a large trade deficit back in the 1980s due to non market policies in a…”
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“We bound our hands with NAFTA and the World Trade Organization in ways that made it impossible for the United States to effectively respond…”
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“The American system had become in some ways a global economic system, shaping the structures of economies far beyond our borders.”
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“The negotiators at Bretton woods and other economic conferences wrote new rules based on this and baked tariffs and trade measures into the…”
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“John Maynard Keynes, the British economist and the British representative to the Bretton woods conference, he had an idea for how this could…”
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“The GATT text is still the text underpinning the World Trade Organization agreements.”
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“Article 18 [of the GATT] explicitly states that it may be necessary...to take protective or other measures affecting imports.”
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“Article 6 [of the GATT]...says that countries can raise tariffs to respond to foreign subsidies or dumping.”
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“The international trade rules, as originally written after World War II, do not promote free trade as an end in itself.”
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“We allowed large non market economies into the world trading system, gave them the same tariff treatment as we did to market economies.”
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“The United States unilaterally disarmed. We slashed our tariff rates below the rates of nearly all our trading partners.”
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“Education, it's subsidized by the government, so it goes up.”
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“Energy, these are often state run utilities that are poorly run in many cases, so it goes up.”
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