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Taussig (second from the left) at the 1911 Harvard commencement. Much of Taussigs work is available from Internet Archive: 1883: Protection to Young Industries as Applied to the United States (second edition, 1886) 1885: History of the Present Tariff, 1860–83; 1888: The Tariff History of the United States eighth edition, 1931,
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 ...
Aldrich, Mark. "Tariffs and Trusts, Profiteers and Middlemen: Popular Explanations for the High Cost of Living, 1897–1920." History of Political Economy 45.4 (2013): 693–746. Barfield, Claude E. "'Our Share of the Booty': The Democratic Party Cannonism, and the Payne–Aldrich Tariff." Journal of American History (1970) 57#2 pp. 308–323 ...
As part of a large group of legislation passed during the Progressive Era in the early 1900s, U.S. Congress established the United States Tariff Commission in 1916, which had a purpose to apply scientific principles to the study of tariffs and to assist in recommending appropriate tariff levels. [14] Frank Taussig, then an Economics professor ...
Tariff rates were reduced an average 1.47 percent, with most rates remaining around 35–40 percent. President Arthur was not the most enthusiastic supporter of tariff reduction, but he did feel that some meaningful reduction was needed and he recognized that the changes made by the "Mongrel Tariff" were insufficient.
Once tariffs are imposed, they become difficult to remove, particularly when national security issues are involved. The tariff protection may focus on a specific industry, like steel.
Trump’s calls to replace the existing federal income tax with protective tariffs is not only impractical in the face of growing federal deficits; it is also clashes with historical reality.
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