mar 2, 1833 - Compromise Tariff of 1833

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Calhoun proposed The Tariff of 1833, also known as the Compromise Tariff, to resolve the Nullification Crisis. ... Most importantly, the Tariff of 1833 guaranteed that all tariff rates above 20% would be reduced by one tenth every two years with the final reductions back to 20% coming in 1842. The Compromise Tariff of 1833 gradually lowered the protective tariff rates over the next 10 years until, in 1842, they would be as low as they were by the Tariff Act of 1816. The Compromise Tariff ended the Nullification Crisis. ... The Compromise Tariff proposed by Henry Clay was passed by Congress in March 1833.

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