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To: conimbricenses

Early tariff rates averaged about 15%. It was a revenue tariff only slightly protectionist.


524 posted on 08/11/2010 1:04:12 PM PDT by arrogantsob
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To: arrogantsob
Not so. Antebellum US tariff history is divisible into two periods - 1789-1816 and 1816-1861.

During the first period rates were low and varied only by a few percentage points. Most categories under the 1789 tariff were taxed at 8%, and the modifications of it in the 1790's only tweaked those rates on a handful of goods. When trade resumed after the War of 1812, Congress passed the first overtly protective tariff in 1816 and a succession of hikes over the next two decades. The peak rate topped out at over 60% in 1828, and tariffs did not drop to a stable rate below 20% again until after World War II.

527 posted on 08/11/2010 1:21:05 PM PDT by conimbricenses (Red means run son, numbers add up to nothing.)
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To: arrogantsob

“Early tariff rates averaged about 15%.”

To go up to 47% under Morrill.


549 posted on 08/11/2010 8:08:01 PM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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