1 Okt 1890 Jahr - McKinley Tariff

Beschreibung:

The McKinley Tariff, enacted in 1890 under President Benjamin Harrison, was a highly protective tariff that raised the average duty on imports to almost fifty percent, an act designed to protect domestic industries from foreign competition. This tariff was highly controversial as it led to increased consumer prices and contributed to a growing divide between industrialists who favored protectionism and farmers who suffered from high prices and retaliatory tariffs on American exports.