Web"The Great Tariff Debate of 1888" DOUGLAS A. IRWIN After the Civil War, Congress maintained high import tariffs to pay off the public debt. By the early 1880s the federal government was running large fiscal surpluses —revenues exceeded expenditures by over 40 percent. The Democrats proposed lower tariffs to reduce customs revenue. WebDec 27, 2024 · Great Tariff Debate of 1888 Trump’s love of the McKinley Tariff Vox from www.vox.com. The great debate of 1888, by joanne reitano. Web after the civil war, congress justified high import tariffs (relative to their prewar levels) as necessary in order to raise sufficient revenue to pay off the public debt. Web the tariff was of central concern ...
Vol. 58, No. 1, Mar., 1998 of The Journal of Economic History on …
WebSep 19, 2024 · Many of which are reminiscent of “the Great Tariff Debate of 1888.” On the academic side, most arguments against revenue-raising trade taxes are based on stylized observations. Most notably, that tariffs have not been a major source of revenue for the U.S. since 1914, and that they currently account for only 2% of federal revenues.1 All ... WebSep 24, 2024 · In fact, as Irwin notes, the Great Tariff Debate of 1888 was central to the Presidential election that year between Grover Cleveland (D) and Benjamin Harrison (R). The government had been running large surpluses, and the Democrats argued the solution was to lower the tariffs. Republicans, on the other hand, said no, and tariffs need to be ... sharpen straight razor with leather
1888 United States presidential election - Wikipedia
WebHe lowered protective tariffs, but this move cost him the election of 1888. During his second term, Cleveland had to deal with the 1893 financial crisis, which didn't subside until 1896. WebJan 23, 2007 · Reitano Reitano Joanne The Tariff Question in the Gilded Age: The Great Debate of 1888 University Park: Pennsylvania State University Press 1994 [Google Scholar], The Tariff Question in the Gilded Age, 72–73; Wolman Wolman Paul Most Favored Nation: The Republican Revisionists and U.S. Tariff Policy, 1897–1912 Chapel … WebIrwin’s case concerned the US and the ‘Great Tariff Debate of 1888’ where the Democrats and Republicans represented diametrically opposing sides in the revenue discussion. 4 Irwin further argued that there does not have to be a conflict between trade policy and fiscal policy, since the tariff of 1890 achieved ‘both higher tariffs rates ... sharpen sheep shears