APUSH TARIFFS

I got these terms from this video https://youtu.be/GwmfMe4KfME?si=OM0Hode6YkaKbZ5y

Tariff of 1816

Designed to protect industries not raise revenue, part of Henry Clays American system, leads to tension between north and south

Tariff of 1828/ ABOMINATIONS

Increased tax rates from 23% to 37%, led to even more division between North and South, led to John C Calhoun and Nullification Crisis

Compromise Tariff of 1833

Reduced tariff rates by 10% for 8 years in response to 1828 and 1832 tariffs in order to avoid civil war, written by Henry Clay

McKinley Tariff (1890)

Increased rates on sugar, esp impacted Hawaii, and led to increased annexation calls of the country

Underwood Tariff (1913)

Reduced tariff rates under Wilson (democrat) led to personal income tax bc gov needs to get $$ from somewhere

NAFTA (1993)

North American Free Trade Agreement, eliminated tariffs for products made in North America that stay in North America

Hawley-Smoof Tariff (1930)

Highest rate in U.S. history, discouraging international trade, making the depres worse