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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 ...
After 1890, the tariff on wool did affect an important industry, but otherwise the tariffs were designed to keep American wages high. The conservative Republican tradition, typified by William McKinley was a high tariff, while the Democrats typically called for a lower tariff to help consumers but they always failed until 1913. [39] [40]
List of tariffs in Canada; List of tariffs in China; List of tariffs in France; List of tariffs in Germany; List of tariffs in India; List of tariffs in Pakistan; List of tariffs in Russia; List of tariffs in South Africa; List of tariffs in the United Kingdom; List of tariffs in the United States
The Peelites were characterised by commitment to free trade and a managerial, almost technocratic, approach to government. Though they sought to maintain the principles of the Conservative Party, Peelites disagreed with the major wing of that party (the landed interest) on issues of trade, in particular the issue of whether agricultural prices should be artificially kept high by tariffs.
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 ...
The tariff on iron goods reached 120%. [86] Agriculture had never needed protection, but now demanded it due to the lower prices of imported foodstuffs, such as Russian grain. French winegrowers strongly supported the tariff – their wines did not need it, but they insisted on a high tariff on the import of tea.
The Fordney–McCumber Tariff of 1922 was a law that raised American tariffs on many imported goods to protect factories and farms. [ 1 ] [ 2 ] The US Congress displayed a pro-business attitude in passing the tariff and in promoting foreign trade by providing huge loans to Europe.
Its sub-title is An Examination of the Tariff Question with Especial Regard to the Interests of Labor. As the title suggests, George examined the debate between protectionism and free trade. [1] George was opposed to tariffs, which were at the time both the major method of protectionist trade policy and an important source of federal revenue ...