| Concise Tariff History 1789-1962 | |||||||
| Date | Tariff Name | President | Provisions | ||||
| 1789 | Washington | Tariff in imports solely for revenue purposes. Congress rejected | |||||
| Hamilton's proposal for a protective tariff; but it raised rates slightly for revenue | |||||||
| purposes. | |||||||
| First protective tariff in U.S. History; a strongly protective trend was started by this tariff and appetites of war stimulated. | |||||||
| 1816 | Madison | ||||||
| Calhoun supported this tariff with the hope that the South would gain in | |||||||
| manufacturing; Webster opposed highly protective duties as manufacturing in New England had not yet pushed shipping into a back seat; he feared a | |||||||
| yet pushed shipping into a back seat; a direct tariff would interfere with | |||||||
| shipping. | |||||||
| In the early 1820s Henry Clay proposed the American System which called for a | |||||||
| protective tariff; the revenues from which provide funds for internal improvements | |||||||
| improvements such as roads and canals | |||||||
| 1824 | Monroe | Increased the protective tariff of 1816 to 37% of the value of dutiable goods. | |||||
| dutiable goods Supporters of Jackson | |||||||
| 1828 | Tariff | John Q. Adams | rigged up a tariff bill more concerned | ||||
| of Abominations | with manufacturing a president than with protecting manufacturing. Duties of 45% were levied on certain manufactured items | ||||||
| and a heavy tariff was placed on wool. It was assumed New England would reject the tariff because of the duties on wool. | |||||||
| The plan backfired. | |||||||
| The over cropped lands of the Old South were petering out at the time and the price of | |||||||
| cotton was falling sharply. It was the Old South which most vigorously protested the | |||||||
| tariff he South Carolina Exposition and Protest was written by Calhoun in | |||||||
| response to the Tariff of Abominations. Calhoun said that the tariff as unjust and | |||||||
| unconstitutional and proposed that the states should nullify it. | |||||||
| 1832 | Jackson | Reduced tariffs to 35% | |||||
| 1833 | Compromise | Jackson | Reduced tariff of 1832 by 10% over a period of 8 years. By 1842 rates would be about | ||||
| Tariff | 20-25% of the value of dutiable goods. Henry Clay engineered the compromise | ||||||
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| 1842 | Tyler | Tyler had no fondness for a protective tariff but realizing the need for additional | |||||
| revenue he reluctantly signed the bill. The pressure for additional revenue and | |||||||
| higher tariffs lessened as the country worked itself out of the | |||||||
| Panic and Depression of 1837 | |||||||
| 1846 | Walker Tariff | Polk | Lowering the tariff was one of Polk's 4 major objectives as President. | ||||
| excellent revenue producer because its | |||||||
| its passage was followed by boom times | |||||||
| and heavy imports. | |||||||
| 1857 | Buchanan | This tariff was passes several months before the Panic and Depression of 1857. | |||||
| Responding to pressure from the South the | |||||||
| new law reduced duties to about 20% of dutiable goods- -the lowest point since the | |||||||
| War of 1812. | |||||||
| Northern manufacturers blamed all their misfortune on the low tariff. The tariff of 1857 gave | |||||||
| the new Republican Party one of two sure fire issues for the election of 1860 "protection and | |||||||
| unprotected" and "farms for the farmers". | |||||||
| 1861 | Morill Tariff Act | Lincoln | Superseding the Tariff of 1857, the Morill Act increased existing customs duties | ||||
| 5-10%; however, the duties were soon pushed sharply upward by the war | |||||||
| The increases were designed partly | |||||||
| to raise additional revenue and partly to provide protection to manufacturers who | |||||||
| had been hurt by the Tariff of 1857. Duties | |||||||
| were raised as high as 48.33 % | |||||||
| From this point forward, the protective tariff became identified with the Republican Party | |||||||
| 1872 | Grant |
Reduced high Civil War duties to 45.1%
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| By 1881 the treasury's annual income was $145 million in excess of expenditures. Most of | |||||||
| the government's revenue came from the tariff. Cleveland wanted a reduction of the | |||||||
| tariff to more manageable levels. When he lost, the high protectionist Republicans prepared | |||||||
| to push the tariff schedules higher. The idea of keeping protection high brought new | |||||||
| problems to the farmers. | |||||||
| 1890 | McKinley Tariff | Harrison | Raised rates to 48.4% and paid bounties to sugar producers | ||||
| Since 1833 the administration in Washington has rarely survived a major tariff overhauling except where was has intervened. In 1892 Cleveland was re-elected. Malcontents among | |||||||
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laborers and agrarians were aroused by this bill and merged into the
Populist Party.
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| 1894 | Wilson-Gorman Bill | Cleveland | Lowered tariff of 1890, but only to 41.3%. This tariff included a 2% tax on incomes | ||||
| over $4,000.00. Cleveland regarded the tariff as a gross betrayal of Democratic | |||||||
| campaign pledges and he let | |||||||
| the bill become law without his signature. | |||||||
| In 1895 the Supreme Court in a 5- 4 decision struck down the income tax provision of the Wilson-Gorman Tariff. This tariff which had blasted the Republicans out of the House of | |||||||
| Representatives in 1890, now dislodged the Democrats with help from the Panic and | |||||||
| Depression of 1893 | |||||||
| 1897 | |||||||