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The Emergency Tariff of 1921 of the United States was enacted on May 27, 1921. The Underwood Tariff, passed under President Woodrow Wilson, had Republican leaders in the United States Congress rush to create a temporary measure to ease the plight of farmers until a better solution could be put into place.
The United States Congress sought to protect farm profits through the Emergency Tariff of 1921 on May 27. Congress passed the Packers and Stockyards Act on August 15, 1921, as H.R. 6320 and the law went into effect in September 1921.
April 30, 1921: Port Authority of New York and New Jersey (under an interstate compact entered into by the State of New York and State of New Jersey) May 19, 1921: Emergency Quota Act (Johnson Quota Act), Sess. 1, ch. 8, 42 Stat. 5; May 27, 1921: Emergency Tariff of 1921, Sess. 1, ch. 14, 42 Stat. 9
The Emergency Quota Act, also known as the Emergency Immigration Act of 1921, the Immigration Restriction Act of 1921, the Per Centum Law, and the Johnson Quota Act (ch. 8, 42 Stat. 5 of May 19, 1921), was formulated mainly in response to the large influx of Southern and Eastern Europeans and restricted their immigration to the United States.
Iowa’s favorite son, Herbert Hoover, was campaigning for president 96 years ago. Agricultural leaders were calling for tariffs after enduring much of the 1920s in an agricultural depression.
1872: Tariff of 1872; 1875: Tariff of 1875; 1883: Tariff of 1883 (Mongrel Tariff) 1890: McKinley Tariff; 1894: Wilson–Gorman Tariff Act; 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 ...
Donald Trump could be considering declaring a national economic emergency to provide legal justification for universal tariffs he promised on the campaign trail. Markets are reacting to the CNN ...
The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second-largest economy.