What was the McKinley Tariff Act of 1890 quizlet?

What was the McKinley Tariff Act of 1890 quizlet?

1890 – The Tariff Act of 1890, commonly called the McKinley Tariff. The tariff raised the average duty on imports to almost fifty percent, an act designed to protect domestic industries from foreign competition.

What was the McKinley Tariff Apush?

McKinley Tariff 1890 tariff that raised protective tariff levels by nearly 50%, making them the highest tariffs on imports in the United States history.

What was the result of the McKinley tariff in 1890?

After 450 amendments, the Tariff Act of 1890 was passed and increased average duties across all imports from 38% to 49.5%. McKinley was known as the “Napoleon of Protection,” and rates were raised on some goods and lowered on others, always in an attempt to protect American manufacturing interests.

Which political party supported high tariffs?

The Republican Party replaced the Whigs in 1854 and also favored high tariffs to stimulate industrial growth; it was part of the 1860 Republican platform.

What was the tariff of 1789 quizlet?

The Tariff Act of 1789 was the first major piece of legislation passed by the new Congress. It was particularly important because it gave the new national government a source of revenues to pay for its operations and to pay down the national debt from the Revolutionary War.

What was the goal of the McKinley tariff?

The tariff raised the average duty on imports to almost fifty percent, an act designed to protect domestic industries from foreign competition; protectionism, a tactic supported by Republicans, was fiercely debated by politicians and condemned by Democrats.

What was the purpose of the McKinley Tariff Act?

The Act eliminated tariffs altogether on certain items, with the threat of reinstatement as an enticement to get other countries to lower their tariffs on items imported from the US.

What was the purpose of the Tariff Act of 1890?

The Tariff Act of 1890, commonly called the McKinley Tariff, was an act of the United States Congress framed by Representative William McKinley that became law on October 1, 1890. The tariff raised the average duty on imports to almost fifty percent, an act designed to protect domestic industries from foreign competition.

How did the M Kinley tariff affect prices?

UP GO THE PRICES NOW; HOW THE M KINLEY TARIFF TAXES THE NECESSARIES OF LIFE. MERCHANTS ARE MARKING UP ALMOST EVERYTHING THAT MEN WEAR, EAT, OR KEEP HOUSE WITH.

What was the Tariff of 1890 in Ohio?

Image courtesy of Library of Congress William McKinley, Jr., of Ohio served seven non-consecutive terms in the House before becoming governor of Ohio and eventually President of the United States. On this date, the McKinley Tariff of 1890 became law—boosting protective tariff rates of nearly 50 percent on average for many American products.