Wartime Tariff Legislation
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Justin Morrill, Representative from Vermont, gained approval for a sharply increased tariff measure on March 2, 1861, two days before Abraham Lincoln was inaugurated. Little opposition had been raised against the proposal, given that seven Southern states had seceded. The South had vainly, and probably accurately, argued that they paid a major portion of the tariff burden, but the revenue generated from the duties was spent overwhelmingly in the North.
The Morrill Tariff of 1861, an abrupt departure from the earlier Walker Tariff, was signed into law as one of the last acts of the outgoing president, James Buchanan. Other wartime tariff measures would bring the average rate to about 47 percent by war’s end—approximately the same level as the Tariff of Abominations in 1828. A reversal in policy would not occur until the relatively mild reform tariffs of the Reconstruction era.
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Quotes regarding Wartime Tariff Legislation.
By William Ellery Channing
The influence of war on the community at large, on its prosperity, its morals, and its political institutions, though less striking than on the soldiery, is yet baleful.
Tariffs are taxes placed on foreign goods by federal governments. By placing taxes on foreign goods, these products become more expensive. As a result of the increased prices for foreign goods, hopefully citizens of a nation will purchase items ...
2 TERMINAL RAILWAY TASD Rail Terminal Tariff No. 8017-Supplement 64 Please read our Tariff Disclaimer ASPA Berth Application (PDF) On-line ASPA Berth Application. Results will be emailed to ASPA. Vehicle Decal Application ...
... Merchant Ships] from the President of the United States-251503Z Return to: Wartime Memos: U.S. Merchant Marine an Armed Force Return to: President Franklin D. Roosevelt Speeches & Statements Return to: Index 4/5/02 www.USMM.org ©1998 - 2002 U.S.