apr 27, 1816 - Tariff of 1816

Description:

The Tariff of 1816 was the first protective tariff in American history, implemented to shield newly established American industries from British competition, which had been flooding the U.S. market with inexpensive goods after the War of 1812. This tariff not only aimed to encourage domestic production by increasing the cost of imported goods but also addressed revenue needs of the federal government, marking a significant shift in American economic policy towards protectionism.

Added to timeline:

Date: