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Tariff of 1816

caused by British cutting prices below cost in an effort to strangle the American war-baby factories in the cradle. Americans saw British seeking to crush Yankee factories. Nationalist Congress passed the Tariff(1816)- created taxes on imports to protect nation, while at the same time promote welfare. It was the first tariff in American history with aims that were primarily protective to merchants. It was bold beginning to adequate safeguards. A strong protective trend was started that stimulated the appetites of the protected for more protection. This Tariff hurt farmers, especially southerners. It was part of Clay's American System.

Subject: 
US History
Vocabulary: 
Chapter 12 - The Second War for Independence and the Upsurge of Nationalism

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