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The Tariff of 1832 (22nd Congress, session 1, ch. 227, 4 Stat. 583, enacted July 14, 1832) was a protectionist tariff in the United States.Enacted under Andrew Jackson's presidency, it was largely written by former President John Quincy Adams, who had been elected to the House of Representatives and appointed chairman of the Committee on Manufactures.
The Tariff of 1842 returned the tariff to the level of 1832, with duties averaging between 23% and 35%. The Walker Tariff of 1846 essentially focused on revenue and reversed the trend of substituting specific for ad valorem duties. The Tariff of 1857 reduced the tariff to a general level of 20%, the lowest rate since 1830, and expanded the free ...
This is a list of United States tariff laws. 1789: Tariff of 1789 (Hamilton Tariff) 1790: Tariff of 1790; 1791: Tariff of 1791; 1792: Tariff of 1792; 1816: Tariff of 1816; 1824: Tariff of 1824; 1828: Tariff of 1828 (Tariff of Abominations) 1832: Tariff of 1832; 1833: Tariff of 1833; 1842: Tariff of 1842; 1846: Walker tariff; 1857: Tariff of ...
The protective tariff passed by Congress and signed into law by Jackson in 1832 was milder than that of 1828, but it further embittered many in the state. In response, several South Carolina citizens endorsed the " states rights " principle of "nullification", which was enunciated by John C. Calhoun , Jackson's vice president until 1832, in his ...
The Verplanck tariff proposed reductions back to 1816 levels over the next two years while maintaining the basic principle of protectionism. The anti-Jackson protectionists saw this as an economic disaster that did not even allow the Tariff of 1832 to be tested and "an undignified truckling to the menaces and blustering of South Carolina."
The Tariff of 1828, also known as the Tariff of Abominations, and the Tariff of 1832 accelerated sectionalism between the North and the South. For a brief moment in 1832, South Carolina made vague threats to leave the Union over the tariff issue. [11] In 1833, to ease North-South relations, Congress lowered the tariffs. [11]
Most economists hold the opinion that the tariff act did not greatly worsen the great depression: Milton Friedman held the opinion that the Smoot-Hawley tariff of 1930 did not cause the Great Depression. Douglas A. Irwin writes : "most economists, both liberal and conservative, doubt that Smoot Hawley played much of a role in the subsequent ...
In the face of the military threat, and following a Congressional revision of the law which lowered the tariff, South Carolina repealed the ordinance. The protest that led to the Ordinance of Nullification was caused by the belief that the tariffs of 1828 and 1832 favored the North over the South and therefore violated the Constitution.