7 terms

APUSH Final Part 11- Tarrifs & Trade Agreements

Tariff of 1789
Designed to raise revenue for the federal government, resulted in a government surplus., Tax on imports and all foreign shipping. It was meant to raise money and stimulate the merchant marine rather than to protect any industry.
Tariff of 1816
This protective tariff helped American industry by raising the prices of British manufactured goods, which were often cheaper and of higher quality than those produced in the U.S.
Tariff of 1828 (Abominations)
"The Black Tariff". A high tariff instituted by Jackson in 1828. Unliked by Southerners because of its high rates. Many would say, "Let the New England beware how she imitates the Old.",
Tariff of 1832
a tariff imposed by Jackson which was unpopular in the South; South Carolina nullified it, but Jackson pushed through the Force Act, which enabled him to make South Carolina comply through force; Henry Clay reworked the tariff so that South Carolina would accept it, but after accepting it, South Carolina also nullified the Force Act
Tariff of 1833 (Compromise)
(AJ) set up by henry clay, it was a way to prevent jackson from victory. clay aptly deserves his title as the great comprimiser. it allowed for the tariff of 1832, with a 10% decrease every year for 10 years, when the tariff rate would be back to where it was in 1816. it was squezed through congress.
Tariff of 1846 (Walker)
Lowered Tariff to 25%, produced boom times and heavy imports, (Walker Tariff) Democratic bill that reversed the high rates of tariffs imposed by the Whig-backed "Black Tariff" of 1842 under president John Tyler
Tariff of 1857
This new tariff responded to souther pressure. It reduced rates to their lowest since 1812. (James Buchanan), Reduced duties to about 20 percent