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What is a tariff
A tax on foreign goods (mostly on British goods which were mostly sold in the south) raising their price
In theory why would tariffs benefit America
American Industries would sell more because foreign goods would cost more e.g. help the Northeastern industries
What was the 1828 tariff and why did the South object
Congress raised tariff rates to a new high to protect Northeastern trade
The South relies on Britain to buy cotton and for Britain to sell manufacturing back - interdependence
What was the 1828 Tariff coined in the South
The tariff of Abomination
Who called for the South to nullify (cancel) both the 1828 and 1832 tariff laws?
John Calhoun
What did John Calhoun threaten to do in South Carolina if tariffs remained
Secede from the Union
When was Henry Clay's compromise tariff
1833
What happened to tariffs after the tariff crisis of 1828 to 1832
Remained in place but gradually reduced back to the 1816 level
What did President Jackson predict about South Carolina after the tariff crisis
That they would not let the matter of states rights lie but the threat of succession had passed but might be used again in the future
Why did Andrew Jackson change his mind about tariffs when he beat John Quincy Adams in 1829
To pay of the national debt
What did he say he would do to anyone who wanted to secede in South Carolina (eventhough he was from S.C)
Hang them on the nearest tree that he found