Search results
Results From The WOW.Com Content Network
The Fordney–McCumber Tariff of 1922 was a law that raised American tariffs on many imported goods to protect factories and farms. [1] [2] The US Congress displayed a pro-business attitude in passing the tariff and in promoting foreign trade by providing huge loans to Europe.
The measure remained in effect until the enactment of the Fordney–McCumber Tariff in 1922, one year after the Emergency Tariff was passed. The new, permanent tariff raised the rates even higher. Also in 1922, the Capper–Volstead Act was passed; it was designed to protect farm co-operatives by exempting them from antitrust laws.
This is a list of United States tariff laws. 1789: Tariff of 1789 (Hamilton Tariff) 1790: ... 1922: Fordney–McCumber Tariff; 1930: Smoot–Hawley Tariff Act; 1934: ...
He co-sponsored the 1922 Fordney–McCumber Tariff. He declined to be a candidate for renomination in 1922. He was also a delegate to the Republican National Conventions in 1908, 1924, and 1928. After leaving Congress, Fordney returned to the lumber business in Saginaw and was also interested in banking and agricultural pursuits.
The 1922 Fordney–McCumber Tariff allowed the president some leeway in determining tariff rates, and Coolidge used his power to raise the already-high rates set by Fordney–McCumber. [26] He also staffed the United States Tariff Commission, a board that advised the president on tariff rates, with businessmen who favored high tariffs. [27]
U.S. President Warren Harding signed the Emergency Tariff of 1921 and the Fordney–McCumber Tariff of 1922. Harding's policies reduced taxes and protected U.S. business and agriculture. [ 12 ] Following the Great Depression and World War II , the United Nations Monetary and Financial Conference brought the Bretton Woods currency agreement ...
U.S. Trade Balance (1895–2015) and Trade Policies. The 1920s marked a decade of economic growth in the United States following a classical supply side policy. [1] U.S. President Warren Harding signed the Emergency Tariff of 1921 and the Fordney–McCumber Tariff of 1922.
Tariff Act can refer to the following: United States. Hamilton tariff (1789) Morrill Tariff (1861) Tariff of 1883; McKinley Tariff (1890) Wilson–Gorman Tariff Act (1894) Dingley Act (1897) Payne–Aldrich Tariff Act (1909) Revenue Act of 1913; Fordney–McCumber Tariff (1922) Smoot–Hawley Tariff Act (1930) Reciprocal Tariff Act (1934) Trade ...