oct 3, 1913 - Underwood Tariff
Description:
The Underwood Tariff, passed in 1913, significantly reduced tariff rates on imported goods and implemented a graduated income tax. Championed by President Woodrow Wilson as part of his progressive agenda, the Underwood Tariff aimed to promote competition, lower consumer prices, and create a more equitable tax system.Added to timeline:
Date:
oct 3, 1913
Now
~ 111 years ago