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AP US History - Tariffs Flashcards

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6140152637Tariff of 1789Mainly for revenue; some protection for "infant industries" (Washington).0
6140157336Tariff of 1816First protective tariff; Clay and Calhoun supported it as part of the American System; Southern cotton growers opposed it (Madison).1
6140164537Tariff of 1824Raised tariff rates; opposition from South grew (Monroe).2
6140169452Tariff of Abominations (1828)Protective measures for New England mills; Southerners outraged (Adams).3
6140175733Tariff of 1832Moderate reform returned rates to 1824 levels; South Carolina was unmoved and started Nullification Crisis (Jackson).4
6140181289Tariff of 1833Clay compromise; gradual reduction of rates over time to 1816 levels; New England states opposed it (Jackson).5
6140192472Tariff of 1842Tariffs raised following the Panic of 1837 (Tyler).6
6140199184Walker Tariff (1846)West supported tariff reduction in hope of selling grain abroad (Polk).7
6140203224Tariff of 1857Tariff lowered to almost free-trade status; North opposed it (Buchanan).8
6140208170Wartime Tariff Acts (1861-1865)Increased protectionism to fund Union war costs (Buchanan/Lincoln).9
6140210736Tariff of 1872Reduced rates on some manufactured goods (Grant).10
6140213073Tariff of 1875Average rates reduced by 10 percent (Grant).11
6140217132Mongrel Tariff (1883)Republicans abandoned reform; compromise satisfied no one (Arthur).12
6140219966McKinley Tariff (1890)Highest protective tariff to date; averaged 48 percent (Harrison).13
6140223464Wilson-Gorman Act (1894)Reform measure crippled by Senate amendments (Cleveland).14
6140227289Dingley Tariff (1897)Blatantly protective measure; some rates set at 57 percent (McKinley).15
6140234445Payne-Aldrich Tariff (1909)Attempted to lower duties; little effect; Progressives angered (Taft).16
6140237956Underwood-Simmons Tariff (1913)General duty reduction was soon negated by outbreak of WWI; federal income tax provision made (Wilson).17
6140241435Emergency Tariff (1921)Republican response to mini-depression; raised agricultural rates to protect farmers; only a stopgap measure (Harding).18
6140248666Fordney-McCumber Tariff (1922)Increased rates sharply; President empowered to adjust rates; Tariff Commission created to advise the President (Harding).19
6140260040Hawley-Smoot Tariff (1930)Raised U.S. duties to an all-time high; foreign retaliation (Hoover).20
6140264944Hull Trade Pacts (1934)Reciprocal treaties to reduce tariffs and stimulate trade (FDR).21
6140266682GATT (1948)United Nations organization created to seek tariff reductions (Truman).22
6140276564Trade Expansion Act (1962)President received authority to negotiate tariff reductions up to 50 percent; aimed primarily at EEC (Kennedy).23
6140285648Kennedy (1963-1967)Round GATT talks for a 33 percent tariff reduction with Western Europe (Johnson).24
6140290053Tokyo (1973-1979)Round GATT talks regarding non-tariff trade barriers; included non-GATT members (Nixon).25
6140293605Trade Act of 1974President allowed to end tariffs aimed at developing nations (Ford).26
6140297125NAFTA (1993)U.S., Canada and Mexico removed most trade barriers (Clinton).27
6140299698WTO (1994)New GATT agreement; World Trade Organization formed (Clinton).28

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