oct 18, 1890 - McKinley Tariff Act (Oct 1890)

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Boosted rates to highest peacetime level ever; passed by billion-dollar congress; William McKinley of Ohio sponsored tariff in House, tariff hurt farmers; Farmers had to buy manufactured goods from expensive protected industrialists, had to sell old equipment to competitive & unprotected markets; Bcuz ppl mad from tariff → republicans lose majority in Congressional elections of 1890

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