Tariffs of 1828, 1832, Nullification, and 1833, & 1842 Matt
Background <ul><li>General tariff recently increased to 37% in 1824 </li></ul><ul><li>Britain’s textile industry dominated...
Tariff of 1828 <ul><li>Scheme of the Jackson Supporters </li></ul><ul><li>High as 45% </li></ul><ul><li>Intended to be vet...
Tariff of 1832 <ul><li>Response to “Tariff of Abominations” </li></ul><ul><li>Rid worst parts of Tariff of 1828 </li></ul>...
John C. Calhoun <ul><li>Secretly wrote “The South Carolina Exposition” denouncing Tariff of 1828 </li></ul><ul><li>Called ...
Nullification <ul><li>1832 elections, S.C. obtained 2/3 vote over Unionists to nullify tariff </li></ul><ul><li>Threatened...
Tariff of 1833 <ul><li>Tariff just barely passed through Congress </li></ul><ul><li>Compromise between S.C. and federal go...
Tariff of 1842 “Black Tariff” <ul><li>Enacted two months before final decrease in previous compromise tariff </li></ul><ul...
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Tariffs

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Tariffs

  1. 1. Tariffs of 1828, 1832, Nullification, and 1833, & 1842 Matt
  2. 2. Background <ul><li>General tariff recently increased to 37% in 1824 </li></ul><ul><li>Britain’s textile industry dominated U.S. textiles </li></ul><ul><li>Wool manufacturers wanted protective tariff increased </li></ul>
  3. 3. Tariff of 1828 <ul><li>Scheme of the Jackson Supporters </li></ul><ul><li>High as 45% </li></ul><ul><li>Intended to be vetoed by Adams </li></ul><ul><li>Tariff was passed </li></ul><ul><li>“ Tariff of Abominations” </li></ul><ul><li>South sold cotton at low prices without tariff </li></ul><ul><li>Bought high prices because of tariff </li></ul>
  4. 4. Tariff of 1832 <ul><li>Response to “Tariff of Abominations” </li></ul><ul><li>Rid worst parts of Tariff of 1828 </li></ul><ul><li>Lowered tariff to 35% (10% decrease) </li></ul><ul><li>Still hated by Southerners </li></ul>
  5. 5. John C. Calhoun <ul><li>Secretly wrote “The South Carolina Exposition” denouncing Tariff of 1828 </li></ul><ul><li>Called for nullification from all states (“Nullies”) </li></ul><ul><li>S.C. legislature attempted to nullify </li></ul><ul><li>Unionists stopped nullification ( < 2/3 vote) </li></ul><ul><li>Only state that attempted because Jackson was elected </li></ul>
  6. 6. Nullification <ul><li>1832 elections, S.C. obtained 2/3 vote over Unionists to nullify tariff </li></ul><ul><li>Threatened secession against Union </li></ul><ul><li>Jackson issued proclamation which Gov. Hayne replied with a counter proclamation </li></ul><ul><li>Henry Clay prevented Jackson from invading S.C. through compromise </li></ul>
  7. 7. Tariff of 1833 <ul><li>Tariff just barely passed through Congress </li></ul><ul><li>Compromise between S.C. and federal government </li></ul><ul><li>Gradually decrease general tariff by 10% over 8 years </li></ul><ul><li>By 1842, general tariff should be 20-25% but… </li></ul>
  8. 8. Tariff of 1842 “Black Tariff” <ul><li>Enacted two months before final decrease in previous compromise tariff </li></ul><ul><li>Signed by President John Tyler </li></ul><ul><li>Increased general tariff to about 40% </li></ul><ul><li>Revitalized protectionism </li></ul><ul><li>Sharp decline in international trade </li></ul><ul><li>Later replaced in 1846 </li></ul>

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