What is the significance of the tariff of 1842




















It was also popular in the West in states such as Kentucky, HEnry Clay's home state, where it was hoped to develop hemp and flax as crops and who wanted new tariffs to support these infant industries. The proposal was less popular with New England merchants who were hoping to restore trade with England and other European powers and import products from Europe in return for U.

Daniel Webster represented their viewpoint and he managed to win some concessions about the level of the tariff. It was also less popular in the South as it would increase the costs of production of their export crops, notably cotton. It was also opposed by people who saw it as raising the costs of living of the poor. John Randolph in his speech in opposition raised both of these points. Upon poor men and upon slaveholders.

Notably, John C. Calhoun, of South Carolina, who would be a strong opponent of future tariff regimes supported the Dallas tariff in the Congress. The Act was passed in April of with rates of twenty-five per cent against woollen and cotton goods and a highest rate of thirty per cent.

Further, no duty on cotton and woollen goods was to be less than six and a quarter cents a yard which would have a regressive impact over time. The measure had support from elected representatives from every state except Delaware and North Carolina. The tariff was retained until when it was massively increased. In , the so-called Tariff of Abominations was introduced increasing the rate of tariffs significantly to assist Northern manufacturers.

This was massively unpopular as it raised the costs of production significantly. Further, as the measure increased the price of cotton goods, British textile manufacturers sold less in the U.

Calhoun who broke with President John Quincy Adams over the issue. Calhoun then became Vice-President under Andrew Jackson who introduced the Tariff of that reduced the level of tariffs somewhat but not enough for Calhoun.

He resigned in order to become a Senator for South Carolina thus prompting the Nullification Crisis where South Carolina declared the and tariffs null and void, then started raising a military force in support of their action. This crisis was averted through the Compromise of negotiated by Henry Clay where tariff rates were progressively returned to the level of the Dallas Tariff by This averted further threats of nullification although the debate was a precursor to the arguments over slavery in the future.

The Dallas Tariff then remained in force until after the Civil War with some further reductions. Calhoun as a resolution to the Nullification Crisis. It was adopted to gradually reduce the rates after Southerners objected to the protectionism found in the Tariff of and the Tariff of Abominations, which had prompted South Carolina to threaten secession from the Union. The compromise reductions lasted only two months into their final stage before protectionism was reinstated by the Black Tariff of The Tariff of , or Black Tariff as it became known, was a protectionist tariff schedule adopted in the United States to reverse the effects of the Compromise Tariff of The bill stipulated sweeping changes to the tariff schedule and collection system, most of which were designed to augment its protective character.

The law replaced most ad valorem rates with specific duties assessed on a good-by-good basis. It also repealed the credit system of tariff finance and replaced it with a cash payment system, collected at portside customs houses. The impact of the tariff was felt almost immediately through a sharp decline in international trade in The Tariff of was repealed in when it was replaced by the Walker Tariff. The Whigs' loss of Congress and the presidency in facilitated a Democratic-led effort to reduce the rates again.

Concerns that the Black Tariff's high rates would suppress future trade and customs revenue with it fueled the movement to repeal the act. It was one of the lowest tariffs in American history and primarily supported by Southern Democrats who had little industry in their districts. The act is named after Robert J. The bill resulted in a moderate reduction in many tariff rates and was considered a success in that it stimulated trade and brought needed revenue into the U.

Treasury, as well as improved relations with Britain that had soured over the Oregon boundary dispute. Exports to and imports from Britain rose rapidly in as both countries lowered their tariff barriers against each other. It was passed along with a series of financial reforms proposed by Walker including the Warehousing Act of The tariff rates initiated a fourteen-year period of relative free trade by nineteenth century standards lasting until the high Morrill Tariff signed by President James Buchanan in March of see below.

The Walker Tariff remained in effect until the Tariff of , which used it as a base and reduced rates further. The Tariff of was a major tax reduction in the United States, creating a mid-century lowpoint for tariffs. The bill was offered in response to a federal budget surplus in the mids. Hunter intended to disperse this surplus through a tax cut.

What is a Tariff? Also see tariff table summary. About Quizzes. Tariff of The previous major tariff legislation in had established a series of rate reductions over the course of 10 years. This dissertation seeks to show why the tariff is an important part of the national narrative in the antebellum period. The debates in Congress over the tariff were acrimonious. Tariff bills often passed by margins of less than five votes.

Manufacturers believed that they could survive and prosper only if the federal government offered them protection. Some of these protectionists contended that they needed protection for only a short period of time. Once they had established their industry, they argued, they would adopt free trade principles.

Many sectors of American society rejected these notions. Farmers regarded the tariff as an instrument that granted manufacturers a monopoly. Why should the federal government cater to one sector of society and not others, they demanded?

Navigators believed that tariffs hindered the coastal trade. Strict constructionists considered a protective tariff unconstitutional. All foes of the tariff maintained that it inflated prices. The main question that this dissertation will address is why did the tariff issue become so important to Americans?

This dissertation argues that the American people felt strongly about this issue.



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