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The iron and steel industry, and the wool industry, were the well-organized interests groups that demanded (and usually obtained) high tariffs through support of the Republican Party. Industrial workers had much higher wages than their European counterparts, and they credited it to the tariff and voted Republican.
The Emergency Tariff increased rates on wheat, sugar, meat, wool, and other agricultural products brought into the United States from foreign nations, which provided protection for domestic producers of those items. Farm state representatives saw the tariff as only the first step in a campaign for permanent protection and more government aid. [3]
The Tariff of 1828 was a very high protective tariff that became law in the United States on May 19, 1828. ... most specifically on raw wool imports, ...
The iron and steel industry, and the wool industry, were the well-organized interests groups that demanded, and usually obtained, high tariffs through support of the Republican Party. Industrial workers had much higher wages than their European counterparts, and they credited it to the tariff and voted Republican.
Canada has so much of what America needs: high-grade nickel and other critical minerals, energy and electricity, uranium, potash, aluminum. Reaction to Trump's imposition of tariffs on Mexico ...
Smoot-Hawley ultimately raised tariffs on tens of thousands of products, and trade policy analyst Bill Krist points out that by the end of 1934, global trade had tanked by 66% from 1929 levels.
Such tariffs would cause “dramatic and immediate” financial fallout for U.S. automakers and other companies manufacturing vehicles in Mexico and Canada to sell in the U.S., said Sam Fiorani ...
After 1890, the tariff on wool did affect an important industry, but otherwise the tariffs were designed to keep American wages high. The conservative Republican tradition, typified by William McKinley was a high tariff, while the Democrats typically called for a lower tariff to help consumers but they always failed until 1913. [35] [36]