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The Tariff Act of 1789 imposed the first national source of revenue for the newly formed United States. The new U.S. Constitution ratified in 1789, allowed only the federal government to levy uniform tariffs. Only the federal government could set tariff rates (customs), so the old system of separate state rates disappeared.
1897: Dingley Tariff. 1909: Payne–Aldrich Tariff Act. 1913: Revenue Act of 1913 (Underwood Tariff) 1921: Emergency Tariff of 1921. 1922: Fordney–McCumber Tariff. 1930: Smoot–Hawley Tariff Act. 1934: Reciprocal Tariff Act. 1947: General Agreement on Tariffs and Trade. 1962: Trade Expansion Act.
The Tariff of 1833 (also known as the Compromise Tariff of 1833, ch. 55, 4 Stat. 629 ), enacted on March 2, 1833, was proposed by Henry Clay and John C. Calhoun as a resolution to the Nullification Crisis. Enacted under Andrew Jackson 's presidency, it was adopted to gradually reduce the rates following Southerners' objections to the ...
The Payne–Aldrich Tariff Act of 1909 (ch. 6, 36 Stat. 11), named for Representative Sereno E. Payne (R–NY) and Senator Nelson W. Aldrich (R–RI), began in the United States House of Representatives as a bill raising certain tariffs on goods entering the United States.
1930: The Federal Bureau of Narcotics was created. For the next 32 years, it was headed by Harry J. Anslinger who came from the Bureau of Prohibition as did many of its initial members. 1932: Democrat Franklin Roosevelt ran for President of the United States promising repeal of federal laws of Prohibition of alcohol.
The bill was vehemently denounced in the South and escalated to a threat of civil war in the Nullification Crisis of 1832–33. The tariff was replaced in 1833, and the crisis ended. It was called the "Tariff of Abominations" by its Southern detractors because of the effects it had on the Southern economy. It set a 38% tax on some imported ...
Fordney–McCumber Tariff. Rep. Joseph W. Fordney of Michigan (left) and Sen. Porter J. McCumber of North Dakota (right). The Fordney–McCumber Tariff of 1922 was a law that raised American tariffs on many imported goods to protect factories and farms. The US Congress displayed a pro-business attitude in passing the tariff and in promoting ...
The Tariff Act of 1890, commonly called the McKinley Tariff, was an act of the United States Congress, framed by then Representative William McKinley, that became law on October 1, 1890. [1] The tariff raised the average duty on imports to almost 50%, an increase designed to protect domestic industries and workers from foreign competition, as ...