Part 4/9:
Historical instances where protectionism has successfully fostered economic growth include Britain during the 19th century and the U.S. with high tariffs before World War II. Countries such as Germany, Sweden, France, Japan, and Taiwan have also leveraged this strategy to nurture their industries. The speaker credited Alexander Hamilton, the first U.S. Treasury Secretary, for formalizing these protectionist strategies, which paved the way for the U.S. industrial boom.