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The Tariff of 1816, also known as the Dallas Tariff, is notable as the first tariff passed by Congress with an explicit function of protecting U.S. manufactured items from overseas competition. Prior to the War of 1812, tariffs had primarily served to raise revenues to operate the national government. Another unique aspect of the tariff was the ...
The Tariff of 1842 returned the tariff to the level of 1832, with duties averaging between 23% and 35%. The Walker Tariff of 1846 essentially focused on revenue and reversed the trend of substituting specific for ad valorem duties. The Tariff of 1857 reduced the tariff to a general level of 20%, the lowest rate since 1830, and expanded the free ...
This is a list of United States tariff laws.. 1789: Tariff of 1789 (Hamilton Tariff) 1790: Tariff of 1790 1791: Tariff of 1791 1792: Tariff of 1792 1816: Tariff of 1816 1824: Tariff of 1824
Clay's 1833 compromise tariff specified that all duties more than 20% of the value of the goods imported were to be reduced by easy stages, so that by 1842, the duties on all articles would reach the level of the moderate tariff of 1816. The rest of the South declared South Carolina's course unwise and unconstitutional.
The second protective tariff of the 19th century, the Tariff of 1824 was the first in which the sectional interests of the North and the South truly came into conflict. The Tariff of 1816 eight years before had passed into law upon a wave of nationalism that followed the War of 1812. But by 1824, this nationalism was transforming into strong ...
The 1828 tariff was part of a series of tariffs that began after the War of 1812 and the Napoleonic Wars, when the blockade of Europe led British manufacturers to offer goods in America at low prices that American manufacturers often could not match. The first protective tariff was passed by Congress in 1816, and its rates were increased in 1824.
Congress passed a tariff in 1816 which made European goods more expensive and encouraged consumers to buy relatively cheap American-made goods. The establishment of a national bank would promote a single currency, making trade easier, and issue what was called sovereign credit , i.e., credit issued by the national government, rather than ...
The Tariff of 1816 had some protective features, and it received support throughout the nation, including that of John C. Calhoun and fellow South Carolinian William Lowndes. [24] The first explicitly protective tariff linked to a specific program of internal improvements was the Tariff of 1824 . [ 25 ]