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About: Morrill Tariff     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Tax113308999, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatCustomsDutiesyago:Abstraction100002137yago:Charge113400798yago:Customs113317002yago:Duty113315999yago:IndirectTax113313899yago:Levy113308864yago:Liabilities113396054yago:Possession100032613yago:Relation100031921yago:Tax113308999 New Facet based on Instances of this Class

The Morrill Tariff was an increased import tariff in the United States that was adopted on March 2, 1861, during the administration of US President James Buchanan, a Democrat. It was the twelfth of the seventeen planks in the platform of the incoming Republican Party, which had not yet been inaugurated, and the tariff appealed to industrialists and factory workers as a way to foster rapid industrial growth. The Morrill Tariff replaced a lower Tariff of 1857 which, according to historian Kenneth Stampp, had been developed in response to a federal budget surplus in the mid-1850s.