THE VIRGINIA DYNASTY 1801 1825
JAMES MADISON AFTER THE WAR OF 1812 THE ERA OF GOOD FEELINGS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The Tariff of 1816, also known as the Dallas Tariff, is notable as the first tariff passed by Congress with an explicit function of protecting U.S. manufactured items from overseas competition. Prior to the War of 1812, tariffs had primarily served to raise revenues to operate the national government.
Detailed explanation-2: -The Tariff of 1816 helped level the playing field for American businessmen. This tax made American and European manufactured goods comparable in price. By doing this, the United States government and businessmen hoped that the American consumers would buy domestic products before buying foreign items.
Detailed explanation-3: -The plan for a new tariff was introduced by Secretary of the Treasury Alexander Dallas, on February 13, 1816. In his report to the House of Representatives, he recommended three classes of duties on imported goods: Goods that were already produced in the US (including glass, carriages, and paper).
Detailed explanation-4: -The Tariff of 1816, placed a 20-25% tax on all foreign goods. Before the War of 1812, duties averaged about 12.5%. The Significance of the Tariff of 1816: The Tariff of 1816 helped American businesses compete with British and European factories.