APUSH tariffs

first tariff

1789

protect trade, get money for federal government

first protective tariff

1816

protected industries in new england

tariff of 1824

protected textile and infant industries

tariff of abominations

1828

tried to protect, but led to the nullification crisis and the south carolina exposition

tariff of 1832

lowered tariff of abominations but still did not satisfy the south

compromise tariff

1833

henry clay, attempted to stop nullification crisis

morill tariff

1861-1865

protected north industries, and only the north

mckinley tariff

1890

increased customs duties to protect us interests, hurt farmers, massively high

payne aldrich tariff

1909

lowered tariffs to 30%, fractured republican party

underwood tariff

1913

lowered taxes, backs up federal income tax, got wilson elected in 1912

mccumber tariff

1922

raised tariffs after world war I to protect industries, destroyed farmers, caused the great depression

hawley smoot tariff

1930

aimed to make economy better by limiting international competition, highest tariff in us history, tanked economy

general agreement on tariffs and trade (GATT)

1948

reduced international trade barriers and encouraged global trade, set framework for trade negotiation, led to world trade organization

north american free trade agreement (NAFTA)

1993

abolished trade barriers in north america, created a free trade zone