apr 27, 1816 - Tariff of 1816
Description:
The first Congressional tariff that protected US manufacturing industries from international competition. It was the only tariff the South supported in the "Tariff War" from 1816 to 1846. As a protective measure, the tariff legislation. It placed a tax of 25% on textiles for three years, at which time it would drop to 20%. Iron, leather, hats, writing paper and cabinet ware were taxed at 30%, while sugar was taxed at 3¢/lb.
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An outline of major events from (mostly early) US history.
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