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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. An openly protectionist measure, it raised duties ...
The bill came into effect under William McKinley the first year that he was in office. The McKinley administration wanted slowly to bring back the protectionism that was proposed by the Tariff of 1890. Following the election of 1896, McKinley followed through with his promises for protectionism. Congress imposed duties on wool and hides which ...
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.
McKinley's foreign policy created an overseas empire and put the U.S. on the world's list of major powers. In 1897 the economy rapidly recovered from the severe depression, called the Panic of 1893. McKinley's supporters in 1900 postulated that the new tariff and the commitment to the gold standard were responsible.
William McKinley (January 29, 1843 – September 14, 1901) was the 25th president of the United States, serving from 1897 until his assassination in 1901. A member of the Republican Party, he led a realignment that made Republicans largely dominant in the industrial states and nationwide for decades.
The Sherman Silver Purchase Act was a United States federal law enacted on July 14, 1890. [1] The measure did not authorize the free and unlimited coinage of silver that the Free Silver supporters wanted. It increased the amount of silver the government was required to purchase on a recurrent monthly basis to 4.5 million ounces.