Tariffs Townshend Duties (1766) o by Chancellor of the Exchequer Charles Townshend o he thought if he just taxed imports, the colonies wouldn’t care- he was wrong o John Dickinson’s “Letters from a Farmer in Pennsylvania” – criticizing the Townshend Acts o Massachusetts Circular Letter- 1768 o Lord North repealed all the taxes except tea in 1770 Protective Tariff of 1816 o first protective tariff in American history o passed to slow the flood of cheap British manufactures into the country Tariff of Abominations (1828) o originally supported by S Congressmen in order to embarrass the administration (Jackson) o the finished bill had higher import duties on many goods bought by S planters o Calhoun was VP, so to protect his position but still protest he published anonymously “South Carolina Exposition and Protest” about his theory of “concurrent majority”, that if the majority passes a law that is harmful to a certain state that state can “veto” it and declare it null in the state o 232, 241 Tariff of 1832 o higher rates o this and the snubbing of Peggy Eaton caused Calhoun’s resignation o he went back to SC and published “Ordinance of Nullification” and ordered the customs officials to stop collecting duties at the port of Charleston o Jackson passed the Force Bill (1833) that let him use federal troops to force the collection of the taxes o Clay compromised w/ a gradual reduction in the level of the tariff, and the crisis was diverted Walker Tariff (1846) o low, revenue-only tariff passed under Polk McKinley Tariff (1890) o highest protective tariff ever, passed during Harrison’s administration o passed by Republicans because they thought this was the issue that won them the election of 1888 (anti-tariff Cleveland vs. Harrison) o they were wrong, the public DIDN’T approve and voted them all out in 1890 elections and voted Cleveland back in 1892 o act also included reciprocal trade provisions Wilson-Gorman Tariff (1894) o protective tariff attempting to relieve the depression of 1893, did little o provision included for graduated income tax, struck down by Supreme Court in Pollack v Farmer’s Loan and Trust Co Dingley Tariff (1897) o highest protective tariff ever for some commodities o by McKinley Payne-Aldrich Tariff (1909) o originally intended to lower the tariff, ended up as a protective measure o Progressives that originated the bill felt betrayed by special interests o Taft made the political mistake of endorsing the tariff Underwood-Simmons Tariff (1913) o lower tariff advocated by Wilson to introduce competition into the American economy in order to bust trusts o graduated income tax included in order to compensate for lost tariff revenue (legal because of 16th amendment) Fordney-McCumber Tariff (1922) o Mellon (Harding’s SecTreas) wanted increase in tariff, but farm bloc of Midwestern Republicans and S Democrats made him alter his wishes o tariff put high rates on farm products and infant industries (rayon, china, toys, chemicals, etc.) o most other items had moderate protection and some (particularly farm equipment) were duty-free Hawley-Smoot Tariff (1930) o raised duties on both agricultural and manufactured imports in an attempt to revive Great Depression economy... didn’t work, may have even contributed to the international depression Jaime