Hamilton tariff
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The Hamilton Tariff of 1789 (ch. 2, 1 Stat. 24) was one of the first Acts of Congress by the new United States government. Most of the rates of the tariff were between 5 and 10 percent, depending on the value of the item. As Secretary of the Treasury, Alexander Hamilton was anxious to establish the tariff as a regular source of revenue for the government and as a protection of domestic manufacture. The former was of immediate necessity; the latter was not. Instead, it established the principle of protectionism that was to become a persistent political dispute throughout the next century.
Tax Acts of the United States |
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Tariffs: 1789: Hamilton I • 1790: Hamilton II • 1792: Hamilton III • 1816: Dallas • 1824: Sectional • 1828: Abominations • 1832 • 1833: Compromise • 1842: Black • 1846: Walker • 1857 • 1861: Morrill • 1872 • 1875 • 1883: Mongrel • 1890: McKinley • 1894: Wilson-Gorman • 1897: Dingley • 1909: Payne-Aldrich • 1913: Underwood • 1921: Emergency • 1922: Fordney-McCumber • 1930: Smoot-Hawley • 1934: Reciprocal • 1948: GATT • 1962 • 1974/75 • 1979 • 1984 • 1988 • 1989: Canada FT • 1993: NAFTA • 1994: WTO • 2002: Steel |