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Senator Henry Clay Senator John C. Calhoun. The Tariff of 1833 (also known as the Compromise Tariff of 1833, ch. 55, 4 Stat. 629), enacted on March 2, 1833, was proposed by Henry Clay and John C. Calhoun as a resolution to the Nullification Crisis.
Portrait of Henry Clay In February 1832, Clay, back in the Senate after a two-decade absence, made a three-day speech calling for a new tariff schedule and an expansion of his American System. In an effort to reach out to Calhoun and other Southerners, Clay's proposal provided for a $10 million revenue reduction based on the budget surplus he ...
Henry Clay Sr. (April 12, 1777 ... Clay helped bring an end to the nullification crisis by leading passage of the Tariff of 1833. ... View of Henry Clay's law office ...
Following this, Henry Clay proposed the Compromise Tariff of 1833, which was later signed into law alongside the Force Bill by Jackson on March 2, 1833. [9] The Compromise Tariff of 1833 called for a series of reductions at two-year intervals, culminating in the same rates as the Tariff of 1816, and was supported primarily by the South and West.
The fledgling Republican Party led by Abraham Lincoln, who called himself a "Henry Clay tariff Whig", strongly opposed free trade. Early in his political career, Lincoln was a member of the protectionist Whig Party and a supporter of Henry Clay. In 1847, he declared: "Give us a protective tariff, and we shall have the greatest nation on earth".
Henry Clay's "American System," devised in the burst of nationalism that followed the War of 1812, remains one of the most historically significant examples of a government-sponsored program to harmonize and balance the nation's agriculture, commerce, and industry. This "System" consisted of three mutually reinforcing parts: a tariff to protect ...
Senator Henry Clay, though an advocate of protection and a political rival of Jackson, piloted a compromise measure through Congress. Clay's 1833 compromise tariff specified that all duties more than 20% of the value of the goods imported were to be reduced by easy stages, so that by 1842, the duties on all articles would reach the level of the ...
The House of Representatives had to decide. Speaker Clay supported Adams, who was elected as president by the House, and Clay was appointed Secretary of State. Jackson called it a "corrupt bargain". [21] Henry Clay, a founder of the Whig Party in the 1830s and its 1844 presidential nominee