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Tariffs up to the Smoot–Hawley Tariff Act of 1930, were set by Congress after many months of testimony and negotiations. In 1934, the U.S. Congress, in a rare delegation of authority, passed the Reciprocal Tariff Act of 1934, which authorized the executive branch to negotiate bilateral tariff reduction agreements with other countries. The ...
1897: Dingley Tariff; 1909: Payne–Aldrich Tariff Act; 1913: Revenue Act of 1913 (Underwood Tariff) 1921: Emergency Tariff of 1921; 1922: Fordney–McCumber Tariff; 1930: Smoot–Hawley Tariff Act; 1934: Reciprocal Tariff Act; 1947: General Agreement on Tariffs and Trade; 1962: Trade Expansion Act; 1974: Trade Act of 1974; 1979: Trade ...
The Tariff Act of 1890, commonly called the McKinley Tariff, was an act of the United States Congress, framed by then Representative William McKinley, that became law on October 1, 1890. [1] The tariff raised the average duty on imports to almost 50%, an increase designed to protect domestic industries and workers from foreign competition, as ...
That would be a historic high and surpass those seen under President McKinley in the 1890s, when U.S. trade policies were far more protectionist, and during the 1930s under the Smoot-Hawley Tariff ...
Pages in category "History of international trade" ... Baltic maritime trade (c. 1400–1800) ... Payne–Aldrich Tariff Act;
This explains why, after independence, the Tariff Act of 1789 was the second bill of the Republic signed by President Washington allowing Congress to impose a fixed tariff of 5% on all imports, with a few exceptions. [31] The Congress passed a tariff act (1789), imposing a 5% flat rate tariff on all imports. [22]
Mrs. William Astor (Caroline Webster Schermerhorn, 1831–1908), 1890, Oil on canvas, Carolus-Duran (Charles-Auguste-emile Durant) Credit - Sepia Times/Universal Images Group via Getty Images ...
The tariffs established by this and later acts would make up the vast majority of government revenue; more than 87 percent of the federal government's revenue between 1789 and 1800 came from import duties. [18] The tariff would continue to make up the bulk of federal revenue until the 20th century. [19]