Tariffs to know

Tariff of 1816

first tariff aimed at protecting U.S. industries from foreign competition, also raised funds for the government.

Tariff of 1828 (Abominations)

A high protective tariff designed to help Northern industries but led to Southern opposition and the Nullification Crisis.

Tariff of 1832

A protective tariff reducing rates from the 1828 tariff, but still contentious, leading to the Nullification Crisis.

Compromise Tariff of 1833

Tariff proposed to ease tensions from the Nullification Crisis, lowering rates gradually.

The Walker Tariff (1846)

Tariff reducing rates to promote trade by Secretary of the Treasury Robert J. Walker.

The Tariff of 1857

A significant reduction in tariffs, aiming to encourage trade and lower prices.

The McKinley Tariff (1890

Raised tariffs to protect domestic industries but faced opposition

Wilson-Gorman Tariff (1894)

Reduced some McKinley tariff rates and introduced a small income tax.

Dingley Tariff (1897

Raised tariffs to counteract reductions from the Wilson-Gorman Tariff.

Payne-Aldrich Tariff (1909):

Increased tariffs, leading to political division within the Republican Party.

Underwood-Simmons Tariff (1913)

Lowered tariffs significantly and reintroduced income tax.

Fordney-McCumber Tariff 1922

Raised tariffs to protect American industries.

Smoot-Hawley Tariff (1930):

Raised tariffs to record levels, exacerbating the Great Depression.