About: Tariff of 1857

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The Tariff of 1857 was a major tax reduction in the United States that amended the Walker Tariff of 1846 by lowering rates to between 15% and 24%. The Tariff of 1857 was developed in response to a federal budget surplus in the mid-1850s. The first version was authored by Representative Lewis D. Campbell and contained provisions only for an increased number of goods that could be imported without duties being leveed. After protests primarily from agricultural interests, Senator Robert Mercer Taliaferro Hunter introduced a new version of the bill, which in addition to removing duties from some imports decreased all tariffs by between 20% and 25%. The bill was signed into law on 3 March 1857.

Attributes	Values
rdf:type	album
rdfs:label	Tariff of 1857 (en)
rdfs:comment	The Tariff of 1857 was a major tax reduction in the United States that amended the Walker Tariff of 1846 by lowering rates to between 15% and 24%. The Tariff of 1857 was developed in response to a federal budget surplus in the mid-1850s. The first version was authored by Representative Lewis D. Campbell and contained provisions only for an increased number of goods that could be imported without duties being leveed. After protests primarily from agricultural interests, Senator Robert Mercer Taliaferro Hunter introduced a new version of the bill, which in addition to removing duties from some imports decreased all tariffs by between 20% and 25%. The bill was signed into law on 3 March 1857. (en)
dcterms:subject	United States federal taxation legislation 1857 in the United States United States federal trade legislation
Wikipage page ID	1438588 (xsd:integer)
Wikipage revision ID	1011381236 (xsd:integer)
Link from a Wikipage to another Wikipage	Morrill Tariff United States United States federal taxation legislation 1857 in the United States Lewis D. Campbell Walker Tariff United States federal trade legislation Henry C. Carey Kenneth M. Stampp Robert Mercer Taliaferro Hunter Panic of 1857
sameAs	Tariff of 1857 Tariff of 1857 Tariff of 1857
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:Short_description dbt:Use_American_English dbt:Use_mdy_dates dbt:US_tax_acts dbt:US-fed-statute-stub
has abstract	The Tariff of 1857 was a major tax reduction in the United States that amended the Walker Tariff of 1846 by lowering rates to between 15% and 24%. The Tariff of 1857 was developed in response to a federal budget surplus in the mid-1850s. The first version was authored by Representative Lewis D. Campbell and contained provisions only for an increased number of goods that could be imported without duties being leveed. After protests primarily from agricultural interests, Senator Robert Mercer Taliaferro Hunter introduced a new version of the bill, which in addition to removing duties from some imports decreased all tariffs by between 20% and 25%. The bill was signed into law on 3 March 1857. Support for the bill did not come from any political or geographic bloc as a whole, but was driven primarily by local economic interests. For example, Northeastern wool processors supported the bill, as they had been suffering under high duties on their goods, but Northern manufacturers advocated high protectionist tariffs. Southern agricultural interests generally supported the lower tariffs, as they had long felt that the tariffs advocated by Northern industry led to unfairly high costs for the goods that the farmers consumed. According to the historian Kenneth M. Stampp, the bill "was possible because it did not represent a victory of one section over the other; nor did it produce a clear division between parties. Its supporters included Democrats, Republicans, and Americans; representatives of northern merchants, manufacturers, and railroad interests; and spokesmen for southern farmers and planters. Opposition came largely from two economic groups: the iron manufacturers of Pennsylvania and the wool growers of New England and the West." When the Panic of 1857 struck later that year, protectionists, led by the economist Henry C. Carey, blamed the downturn on the new tariff. The tariff reductions lasted only a few years, as the highly-protectionist Morrill Tariff was signed into law in March 1861. (en)
gold:hypernym	Reduction
prov:wasDerivedFrom	wikipedia-en:Tariff_of_1857?oldid=1011381236&ns=0
page length (characters) of wiki page	3660 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Tariff_of_1857
is Link from a Wikipage to another Wikipage of	Presidency of James Buchanan Presidency of James K. Polk Protectionism in the United States Robert M. T. Hunter Morrill Tariff Presidency of Franklin Pierce Timeline of events leading to the American Civil War Confederate war finance Justin Smith Morrill Treasury Note (19th century) Walker tariff List of tariffs in the United States Tariff in United States history
is foaf:primaryTopic of	wikipedia-en:Tariff_of_1857

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