Historical Events tagged with "tariff"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Hoover Signs Smoot-Hawley Tariff Act
The Smoot-Hawley Tariff Act, signed into law by President Herbert Hoover, raised U.S. tariffs on over 20,000 imported goods. This significant legislation aimed to protect American industries amidst the economic challenges of the Great Depression. The act was spearheaded by Senator Reed Smoot and Representative Willis C. Hawley, who pushed for protectionist measures to support U.S. farmers and manufacturers. The signing marked a pivotal shift in U.S. trade policy and was met with both domestic and international controversy.
Continue ReadingCongress Enacts the Payne–Aldrich Tariff Act
The Payne–Aldrich Tariff Act was passed by the U.S. Congress, modifying tariffs on imports in the United States. The act sought to reduce tariffs on some goods while raising them on others, reflecting a compromise that failed to satisfy advocates of tariff reform. Lobbying by various industries influenced the final provisions of the act. The legislation represented a significant moment in the ongoing debate about protectionism and free trade in America, showcasing the divisions within the Republican Party at the time.
Continue ReadingTariff of 1828 Protects U.S. Wool Industry
John Quincy Adams signed the Tariff of 1828 into law to protect American wool manufacturers from foreign competition. This tariff aimed to increase duties on imported goods, particularly wool, to support domestic production. The legislation was controversial, particularly in the South, where it was seen as favoring northern industries at the expense of southern agricultural interests. Despite the objections, the tariff was intended to boost U.S. manufacturing, a key focus of Adams' administration.
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