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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 1833 was ultimately abandoned in favor of the Black Tariff of 1842, and protectionism was reinstated. Average tariff rates nearly doubled from the initial 20% target for 1842 to about 40%, and the percentage of dutiable goods jumped from about 50% of all imports to over 85% of all imports.
Meanwhile, Congress passed the Force Bill, which was enacted on March 2, 1833. It authorized the president to use whatever force he deemed necessary to enforce federal tariffs. As a matter of principle, the South Carolina legislature voted to nullify the Force Bill, but simultaneously, a Compromise Tariff was passed by Congress, defusing the ...
The Tariff of 1832 would continue except that reduction of all rates above 20% would be reduced by one tenth every two years, with the final reductions back to 20% coming in 1842. Protectionism as a principle was not abandoned and provisions were made for raising the tariff if national interests demanded it.
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 ...
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.
In the aftermath of the 1833 elections, Troup party leaders joined the Troup members of the General Assembly in a caucus, passing resolutions changing the name of the party to the State Rights Party of Georgia, adopting the Kentucky and Virginia Resolutions as its official creed, and pledging to work for the repeal of the Force Bill. David ...