It was a tariff imposed on dutiable imports. It was passed by the first Congress. Revenue was the main goal. It was also designed to protect small industries just getting started. Hamilton wanted more protection for the well-to-do manufacturing groups. Congress still had agriculture and commercial interest dominating. This was part of Hamilton's economic plan to support the industrialists.
Something about it seems incorrect. Thing is, the first protective tariff was passed by Congress in 1816 (Protective Tariff of 1816). By that time, Hamilton already died and the first Congress already left.
ReplyDelete