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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.
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 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 ...
"The Civil War’s Forgotten Transatlantic Tariff Debate and the Confederacy’s Free Trade Diplomacy.” Journal of the Civil War Era 3#1 (2013), pp. 35–61, online . Paskoff, Paul F. "Measures of War: A Quantitative Examination of the Civil War's Destructiveness in the Confederacy", Civil War History (2008) 54#1 pp 35–62.
The anticipated tariff revenue never appeared as the Union Navy blockaded their ports and the Union army restricted their trade with the Northern states. The Confederacy collected a mere $3.5 million in tariff revenue from the Civil War start to end and had to resort to inflation and confiscation instead for revenue. [32]
The bill was vehemently denounced in the South and escalated to a threat of civil war in the Nullification Crisis of 1832–33. The tariff was replaced in 1833, and the crisis ended. It was called the "Tariff of Abominations" by its Southern detractors because of the effects it had on the Southern economy. It set a 38% tax on some imported ...
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 ...