Create an account
Townshend Duties (1766)
o by Chancellor of the Exchequer Charles Townshend
o he thought if he just taxed imports, the colonies wouldn't care- he was wrong
o John Dickinson's "Letters from a Farmer in Pennsylvania" - criticizing the Townshend Acts
o Massachusetts Circular Letter- 1768
o Lord North repealed all the taxes except tea in 1770
Protective Tariff of 1816
o first protective tariff in American history
o passed to slow the flood of cheap British manufactures into the country
Tariff of Abominations (1828)
o originally supported by S Congressmen in order to embarrass the administration (Jackson)
o the finished bill had higher import duties on many goods bought by S planters
o Calhoun was VP, so to protect his position but still protest he published anonymously "South Carolina Exposition and Protest" about his theory of "concurrent majority", that if the majority passes a law that is harmful to a certain state that state can "veto" it and declare it null in the state
Tariff of 1832
o higher rates
o this and the snubbing of Peggy Eaton caused Calhoun's resignation
o he went back to SC and published "Ordinance of Nullification" and ordered the customs officials to stop collecting duties at the port of Charleston
o Jackson passed the Force Bill (1833) that let him use federal troops to force the collection of the taxes
o Clay compromised w/ a gradual reduction in the level of the tariff, and the crisis was diverted
McKinley Tariff (1890)
o highest protective tariff ever, passed during Harrison's administration
o passed by Republicans because they thought this was the issue that won them the election of 1888 (anti-tariff Cleveland vs. Harrison)
o they were wrong, the public DIDN'T approve and voted them all out in 1890 elections and voted Cleveland back in 1892
o act also included reciprocal trade provisions
Wilson-Gorman Tariff (1894)
o protective tariff attempting to relieve the depression of 1893, did little
o provision included for graduated income tax, struck down by Supreme Court in Pollack v Farmer's Loan and Trust Co
Payne-Aldrich Tariff (1909)
o originally intended to lower the tariff, ended up as a protective measure
o Progressives that originated the bill felt betrayed by special interests
o Taft made the political mistake of endorsing the tariff
Underwood-Simmons Tariff (1913)
o lower tariff advocated by Wilson to introduce competition into the American economy in order to bust trusts
o graduated income tax included in order to compensate for lost tariff revenue (legal because of 16th amendment)
Fordney-McCumber Tariff (1922)
o Mellon (Harding's SecTreas) wanted increase in tariff, but farm bloc of Midwestern Republicans and S Democrats made him alter his wishes
o tariff put high rates on farm products and infant industries (rayon, china, toys, chemicals, etc.)
o most other items had moderate protection and some (particularly farm equipment) were duty-free
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together