Search results
Results from the WOW.Com Content Network
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.
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 ...
The protective tariff passed by Congress and signed into law by Jackson in 1832 was milder than that of 1828, but it further embittered many in the state. In response, several South Carolina citizens endorsed the " states rights " principle of "nullification", which was enunciated by John C. Calhoun , Jackson's vice president until 1832, in his ...
The high rates of the Tariff of 1828 and the Tariff of 1832 angered many Southerners because they resulted in higher prices for imported goods. [144] After the 1832 election, South Carolina held a state convention that declared the tariff rates of 1828 and 1832 to be nullified within the state, and further declared that federal collection of ...
An 1832 lithograph cartoon, "King Andrew the First" by an anonymous artist, depicting Jackson. Jackson saw his victory as a mandate to continue his war on the Bank's control over the national economy. [289] In 1833, Jackson signed an executive order ending the deposit of Treasury receipts in the bank. [290]
On July 1, 1832, before Calhoun resigned the vice presidency to run for the Senate, where he could more effectively defend nullification, [3] Jackson signed into law the Tariff of 1832. This compromise tariff received the support of most Northerners and half the Southerners in Congress. [4]