Tariff of 1792 explained

Short Title:Tariff of 1792
Long Title:An Act supplementary to the act making provision for the Debt of the United States.
Enacted By:2nd United States Congress
Signed By:George Washington
Date Enacted:May 8, 1792
Summary:U.S. Congressional bill was the fourth public debt resolution. Act provided to extend the term allowed for receiving, on loans, that part of the domestic debt remaining unsubscribed with certain exceptions.

The Tariff of 1792 was the third of Alexander Hamilton's protective tariffs in the United States (first was the Hamilton tariff of 1789, second was the Tariff of 1790). Hamilton had persuaded the United States Congress to raise duties slightly in 1790, and he persuaded them to raise rates again in 1792, although still not to his satisfaction. Protectionism was one of the fulfillments of Hamilton's Report on Manufactures.

See also

Panic of 1792
Protectionism in the United States
Tariff in United States history
Taxation in the United States
Wealth tax

References

External links