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First Tariff EVAR...
Very low tariff of 8% value of dutiable imports, was imposed before Hamilton was even sworn into office. Revenue was the main goal, but it was also designed to build up a small protective wall for the infant industries. -
Tariff of 1816
After freedom from Britain was attained in War of 1812, mother England was trying to pour in the over-flow of manufactured goods into our markets. Made for the protection of infant American industry, not for revenue. Rates were from 20-25% value of dutiable imports. ((Not actual month/day)) -
Tariff of Abominations
Also known as "Black Tariff" by Southern consumers. By 1824, congress had increased the general tariff signficantly, but wool manufacturers still wanted a higher tariff. It was legitamately set so high, because they thought it would get shot down and give a "black eye" to President Adams. -
Tariff of 1832
Got rid of a majority of the "abominations" but still fell short of southern expectations. Caused a deepening of the Nullification Crisis. Henry Clay threw his influence behind a compromise bill that would decrease this tariff by 10% over 8 years. So by 1842, the tariff would be back to the mildly protective 1816 standards. -
Compromise Tariff of 1833
Calhoun and South favored tariff, and Prez. Jackson knew he wasn't going to be needing the use of guns and rope. Soon after, the Force Bill was passed. -
Tariff of 1842
Clayites redrafted their tariff bill. Chopping off their offensive dollar-distribution scheme and pushing down the rates to about 32% (which was the same amount as the 1832 Tariff). Prez. Tyler had no fondness for proctective tariffs, but he signed it regardless. -
Walker Tariff
One of Prez Polk's goals was a lower tariff. His secretary of treasury, Robert J. Walker, devised a "tariff-for-revenue" bill that cut the 1842 Tariff from 32% to 25%. This tariff was strongly supported by southerners, and was actually a large success. -
Tariff of 1857
The Panic of 1857 caused a need for higher tariff rates. This new law responded from southern pressures by reducing the tariff rate to 20% on dutiable goods. The lowest point snce the War of 1812. -
Morrill Tariff Act
Boosted existing tariff rates 5-10%; which was about the same level as the Walker Tariff of 1846. The increases were designed partly to provide more protection for the prosperous manufacturers who were being raped by internal taxes.