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To: Old Teufel Hunden
Yawn. The Tariff of 1789 was miniscule, seldom exceeding single digit percentages on any given item it taxed. It was so low that when they passed mild rate hikes in the 1790's, the tariff schedule was STILL highly conducive to free trade.

See: http://www.dartmouth.edu/~dirwin/docs/ham.pdf

QUOTE: "Although Hamilton’s proposals for bounties (subsidies) failed to receive support, virtually every tariff recommendation was adopted by Congress in early 1792. These tariffs were not highly protectionist because Hamilton feared discouraging imports, which were the critical tax base on which he planned to fund the public debt."

"Protectionist" tariffs generally taxed well into the double digits as their goal was to discourage importation all together. Think of a sales tax that was 60% or 100% or in some cases even 300%. Most tariffs before 1816, by contrast, were less than 10% and to call them "protectionist" in the same sense as the ones Jefferson protested in the 1820's, you demonstrate conclusively that you do not have a clue what you are talking about.

482 posted on 08/10/2010 12:07:41 PM PDT by conimbricenses (Red means run son, numbers add up to nothing.)
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To: conimbricenses
"Yawn. The Tariff of 1789 was miniscule"

Yawn, but you were still wrong...
484 posted on 08/10/2010 12:15:53 PM PDT by Old Teufel Hunden
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