Apush tariffs

Tariff of 1789

low tariff that was passed by George Washington to raise revenue for the federal government and protect American manufacturing

Tariff of 1816

aimed to protect American manufacturing, lowering incentives to buy goods imported from other countries (time of nationalism after war of 1812)

Tariff of Abominations (1828)

Tax on imported goods, protected northern manufacturing, backlash from the South, hurt their exports and raised import prices

Tariff of 1832

reduced the tariff of abominations, still favored the north, which led to the nullification crisis

Compromise Tariff of 1833

response to the nullification crisis, reduced tax down to 20%

Tariff of 1842 (Black Tariff)

raised tariffs back up to 40% to protect manufacturing in America and counter depression (Tyler signed)

Walker Tariff (1846)

lowered tariff to 25%, replaced the Black Tariff

Tariff of 1857

lowered duties even more, lowest since 1812, to benefit North and South needs for imports

Morrill Tariff (1861)

duties went back up to 47%, protected North, angered South

Mckinley Tarriff (1890)

led to republican party losing, imported goods more expensive, democrats gaining power

Underwood Tariff (1913)

major shift, income tax instead of tarriffs, benefitted regular people

Smoot-Hawley Tariff (1930)

during the great depression, raised tariffs, made the economy worse, one of hoover’s bad policies

recipriocal tariff (1934)

mutual reductions in tariffs across nations, encouraged global trade, FDR