oct 1, 1890 - McKinley Tariff (Policy)
Description:
Event: The McKinley Tariff, sponsored by Congressman William McKinley, raised tariff rates to nearly 50% on imported goods to protect American industries from foreign competition.
Impact: It benefited industrialists by protecting them from foreign competitors but angered farmers and consumers who faced higher prices, contributing to political backlash and the rise of the Populist Party.
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