The Compromise Tariff was passed by Congress in March 1833 and gradually
lowered the tariff rates over the next 10 years
until, in 1842, they would be as low as they were by
the Tariff Act of 1816. The Compromise Tariff ended
the
Nullification Crisis.
Compromise Tariff of 1833 for kids: What were the Protective Tariffs?
What were the Protective Tariffs and why did they cause so much
conflict?
The
Protective Tariffs were taxes placed on goods
imported from foreign countries. The Protective Tariffs enabled
the nation
to raise money and at the same time
protect a nation's goods from cheaper priced foreign
items. The
Tariff of 1816 placed a 20-25%
tax on all foreign goods and was deemed acceptable by the North
and South. The Tariff
of 1824 raised duties
still higher, with a 35% duty on imported iron, wool, cotton,
and hemp. In 1828 the tariffs were raised to 50% and referred to
as the
Tariff of
Abominations
by the outraged states in the South who strongly resented the
protection the increase in duties gave the North at the expense of
the South. The protective tariffs meant that the South paid
higher prices on goods produced by the North and the increased taxes
on British imports made it difficult for Britain to pay for the
cotton they imported from the South.
Compromise Tariff of 1833 for kids: Nullification Crisis History
John C. Calhoun, the vice president, had written the
South Carolina Exposition
objecting to the 1828 Tariff of
Abominations, clarifying the Nullification Doctrine and
fuelling the Nullification Crisis,
contending
that the tariff was unconstitutional.. The
vice president resigned and the South
Carolina legislature passed an Ordinance of Nullification declaring
the Protective Tariffs null and void within the state borders of
South Carolina. This 'treasonous act' resulted in President Jackson
passing the 1833 Force Bill
authorizing the use of military force against
any state that resisted the tariff
laws.
What did the Compromise Tariff of 1833 do?
This was the dire situation
the nation was facing when the Compromise Tariff of 1833
was proposed by Henry
Clay. The Compromise Tariff of 1833 gradually lowered the protective
tariff rates over the next 10 years until, in 1842, they would be as
low as they were by the Tariff Act of 1816. The Compromise Tariff
ended the Nullification Crisis.
Who wrote the Compromise Tariff of 1833?
John C. Calhoun cooperated
with Henry Clay to drive a Compromise Tariff through Congress. The
introduction of protective tariffs had played a vital part in the
economic plan for the nation advocated in 'Henry
Clay's American
System'. The Compromise Tariff proposed by Henry Clay
was passed by Congress in March 1833.
Significance of the Compromise Tariff of 1833
The situation in the country was extremely serious. South Carolina
had threatened to
secede if the federal government attempted to collect the protective tariff
duties, the President had threatened military action. The
Significance of the Compromise Tariff of 1833 was:
-
The South
Carolina state convention reassembled and formally
rescinded the
Ordinance of Nullification
-
The Nullification
Crisis ended
-
The American
System, devised by Henry Clay, continued to meet the
requirements of the new, expanding and independent
nation
-
The Compromise
Tariff made it impossible to reduce duties and
therefore the money surplus that occurred during
during the Bank War.
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