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jun 11, 1842 - Tariff of 1842 (June)

Description:

Whig tariff Provided for distribution among states of revenue from sale of public lands in W but Tyler vetoed bcuz didn’t want to waste fed $$ when treasury didn’t have lots of $$$; Whigs redrafted tariff scheme, Took out distribution, pushed down rates to protective level of 1832 → 32% on duties, Tyler knew we needed more revenue → signed Tariff of 1842

Added to timeline:

7 Jun 2018
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Date:

jun 11, 1842
Now
~ 184 years ago