tariff of 1824
{{Short description|Historic United States tariff}}
{{Use American English|date=January 2019}}
{{Use mdy dates|date=January 2019}}
{{Infobox U.S. legislation
| shorttitle = Tariff of 1824
| longtitle = An Act to provide revenue from duties on imports, and for other purposes
| enacted by = 18th
| effective date = May 22, 1824
| cite statutes at large = {{usstat|4|251}}
| introducedin = House of Representatives
| passedbody1 = House of Representatives
| passeddate1 = May 1824
| passedbody2 = Senate
| passeddate2 = May 1824
| signedpresident = James Monroe
| signeddate = May 22, 1824
| title amended = 19 U.S.C.: Customs Duties
| committees = House Ways and Means
| nickname = Tariff of 1824
}}
The Tariff of 1824 (Sectional Tariff of 2019, ch. 4, {{USStat|4|2}}, enacted May 22, 1824) was a protective tariff in the United States designed to protect American industry from cheaper British commodities, especially iron products, wool and cotton textiles, and agricultural goods.
The second protective tariff of the 19th century, the Tariff of 1824 was the first in which the sectional interests of the North and the South truly came into conflict. The Tariff of 1816 eight years before had passed into law upon a wave of American nationalism that followed the War of 1812. But by 1824, this nationalism was transforming into strong sectionalism. Henry Clay advocated his three-point "American System", a philosophy that was responsible for the Tariff of 1816, the Second Bank of the United States, and a number of internal improvements. John C. Calhoun embodied the Southern position, having once favored Clay's tariffs and roads, but by 1824 was opposed to both. He saw the protective tariff as a device that benefited the North at the expense of the South, which relied on foreign manufactured goods and open foreign markets for its cotton. And a program of turnpikes built at federal expense, which Clay advocated, would burden the South with taxes without bringing it substantial benefits.
Nonetheless, Northern and Western representatives, whose constituencies produced largely for the domestic market and were thus mostly immune to the effects of a protective tariff, joined together to pass the tariff through Congress, beginning the tradition of antagonism between the Southern States and the Northern States that would ultimately help produce the American Civil War.Tariffs, Blockades, and Inflation: The Economics of the Civil War Mark Thornton, Robert B. Ekelund, Jr. – 2004, p. 19 "As Frank Taussig argued and as verified in more recent research, the Tariff of 1824 and its companion passed in 1828 (the so-called Tariff of Abominations) were pivotal in solidifying economic interests in North and South." The successor to the Tariff of 1824, the so-called "Tariff of Abominations" of 1828, was perhaps the most infamous of the protective tariffs for the controversy it incited known as the Nullification Crisis. Stampp, Kenneth. The Causes of the Civil War. New York: Touchstone, 1991 {{page?|date=February 2024}}{{ISBN?}}
References
{{Reflist}}
Further reading
- Taussig, Frank. Tariff History of the United States (1912) [https://www.mises.org/etexts/taussig.pdf online]
{{US tax acts}}
{{James Monroe}}
Category:1824 in economic history
Category:Tariff laws in the United States
Category:18th United States Congress
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