Second in point of time is the home-market argument, which Hamilton outlined in his Report on Manufactures, and which Henry Clay enlarged and extended during the tariff debate of 1824. The essence of this argument is that a very large country, like the United States, should artificially encourage one industry in order to provide a market for the products of another. Clay contended that the United States could amply afford to burden itself with the relatively high prices of New England manufactures, if by so doing a market was provided in New England for the grain of the Mississippi Valley and the cotton of the lower South.