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Morrill Tariff. The Morrill Tariff was an increased import tariff in the United States that was adopted on March 2, 1861, during the administration of US President James Buchanan, a Democrat. It was the twelfth of the seventeen planks in the platform of the incoming Republican Party, which had not yet been inaugurated, and the tariff appealed ...
The economic history of the American Civil War concerns the financing of the Union and Confederate war efforts from 1861 to 1865, and the economic impact of the war. The Union economy grew and prospered during the war while fielding a very large Union Army and Union Navy. [1]
For well over a century the federal government was largely financed by tariffs averaging about 20% on foreign imports. At the end of the American Civil War in 1865 about 63% of Federal income was generated by the excise taxes, which exceeded the 25.4% generated by tariffs. In 1915 during World War I, tariffs generated 30.1% of revenues.
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 ...
e. Protectionism in the United States is protectionist economic policy that erects tariffs and other barriers on imported goods. In the US this policy was most prevalent in the 19th century. At that time it was mainly used to protect Northern industries and was opposed by Southern states that wanted free trade to expand cotton and other ...
Historiography examines how the past has been viewed or interpreted. Historiographic issues about the American Civil War include the name of the war, the origins or causes of the war (slavery or states' rights), and President Abraham Lincoln's views and goals regarding slavery. The question of how important the tariff was in causing the war ...
t. e. The American Civil War (April 12, 1861 – May 26, 1865; also known by other names) was a civil war in the United States between the Union [e] ("the North") and the Confederacy ("the South"), which was formed in 1861 by states that had seceded from the Union. The central conflict leading to war was a dispute over whether slavery should be ...
The Tariff of 1833 (also known as the Compromise Tariff of 1833, ch. 55, 4 Stat. 629), enacted on March 2, 1833, was proposed by Henry Clay and John C. Calhoun as a resolution to the Nullification Crisis. Enacted under Andrew Jackson 's presidency, it was adopted to gradually reduce the rates following Southerners' objections to the ...