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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 ...
Democrats campaigned energetically against the high McKinley tariff of 1890, and scored sweeping gains that year; they restored Cleveland to the White House in 1892. The severe depression that started in 1893 ripped apart the Democratic party. Cleveland and the pro-business Bourbon Democrats insisted on a much lower tariff. His problem was that ...
The Tariff Act of 1890 was known as the McKinley Tariff because McKinley was chairman of the House Ways and Means Committee when it was enacted. ... noted that "very few of us taste the tariff in ...
[6] [10] The 1890 McKinley Tariff Act, an effort by the United States government to decrease the competitive pricing of Hawaiian sugar, paid 2 cents per pound to mainland producers. After significant lobbying efforts, this act was repealed in 1894. [8] By 1890, 75% of all Hawaiʻi privately held land was owned by foreign businessmen.
[4] [5] [6] [9] Also in that year, the McKinley Tariff (also known as the 1890 Dingley Tariff or the Sugar Bounty Act) gave a sugar bounty, replacing a tariff, which "unwittingly" gave a substantial economic boost to sugar beet refining.
Yet, when the dresses arrived at the U.S. Custom House in New York in December 1890, federal officers, who suspected they were undervalued intentionally to avoid the tariff, seized them and sent ...
The "McKinley Tariff of 1890" was even named after him. Now, Trump wants to return America to McKinley's era, with tariffs at the center of government policy and the US budget.
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]