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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 ...
A hearing was held before Ashbrook's committee on January 13. Originally, the bill called for mintage of 100,000 silver dollars in commemoration of McKinley, but at the hearing, Butler requested that they be gold instead, stating, "if you will recall the fact, McKinley was elected in 1896 mainly on the question of the gold standard."
According to U.S. Currency Auctions, it was an 1890 $2 bill that is worth — not sold for — $4,500. You'd have to find a buyer willing to pay that, and it would have to also be in uncirculated ...
The highest value is $4,500 or more for uncirculated notes from 1890, although most of those bills range from $550 to $2,500. The values are the same whether the bill has a red or brown seal.
William McKinley (January 29, 1843 – September 14, 1901) was the 25th president of the United States, serving from 1897 until his assassination in 1901. As a member of the Republican Party, he led a realignment that made Republicans largely dominant in the industrial states and nationwide for decades.
As previously reported by GOBankingRates, the most valuable bill in the world might be an 1890 U.S. Grand Watermelon $1,000 treasury note valued at $3.3 million.