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The Tariff Act of 1890, commonly called the McKinley Tariff, was an act of the United States Congress, framed by then Representative William McKinley, that became law on October 1, 1890. [1] The tariff raised the average duty on imports to almost 50%, an increase designed to protect domestic industries and workers from foreign competition, as ...
McKinley had hoped his tariffs would invigorate the economy and force the rich to pay for their luxurious consumption. Yet, their failure to change ingrained habits serves as a cautionary tale ...
Mt. McKinley in Alaska is the former name of the highest peak in North America. It was officially renamed Denali, as the nearby Indigenous population called it, under President Obama in 2015.
The Revenue Act or Wilson-Gorman Tariff of 1894 (ch. 349, §73, 28 Stat. 570, August 27, 1894) slightly reduced the United States tariff rates from the numbers set in the 1890 McKinley tariff and imposed a 2% tax on income over $4,000. [1]
The tariff was removed from imported raw sugar, and sugar growers in the United States were given a two cent per pound subsidy on their production. [47] Congress passed the bill after Republican leaders won the votes of Western senators through passage of the Sherman Antitrust Act and other concessions, and Harrison signed the McKinley Tariff ...
In 1890, the United States enacted the McKinley Tariff; the new law sharply raised the country's import tariffs, ending the Hawaiian sugar industry's dominance in the North American market and depressing prices, pushing Hawaii into turmoil. [2] [3]
It’s hard to make sense of tariffs in today’s political conversation. Here’s what one expert had to say about former President William McKinley, who Donald Trump has cited in support of new ...
When the special session of Congress convened in March 1897, Dingley introduced the Dingley Act to revise the Wilson–Gorman Tariff Act of 1894. [47] McKinley supported the bill, which increased tariffs on wool, sugar, and luxury goods, but the proposed new rates alarmed the French, who exported many luxury items to the United States. [48]