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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.

Added to timeline:

Date:

oct 1, 1890
Now
~ 134 years ago