Tariff of Abominations

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Tariff of Abominations

DbpediaThing

Artículo WikipediaFuente Dbpedia

The Tariff of 1828 was a protective tariff passed by the Congress of the United States on May 19, 1828, designed to protect industry in the northern United States. It was labeled the Tariff of Abominations by its southern detractors because of the effects it had on the antebellum Southern economy.The major goal of the tariff was to protect industries in the northern United States which were being driven out of business by low-priced imported goods by taxing them. The South, however, was harmed directly by having to pay higher prices on goods the region did not produce, and indirectly because reducing the exportation of British goods to the US made it difficult for the British to pay for the cotton they imported from the South. The reaction in the South, particularly in South Carolina, would lead to the Nullification Crisis that began in late 1832.The tariff marked the high point of US tariffs. It was approached, but not exceeded, by the Smoot–Hawley Tariff Act of 1930.