Tariff of 1842
E1003724
The Tariff of 1842 was a protective U.S. tariff law that raised import duties to shield American industry, reversing earlier reductions before later being superseded by the lower Walker Tariff of 1846.
Statements (40)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
tariff law ⓘ |
| affectedSector |
American iron industry
ⓘ
textile manufacturing in the United States ⓘ |
| alsoKnownAs |
Black Tariff
NERFINISHED
ⓘ
Morrill Tariff of 1842 NERFINISHED ⓘ |
| appliedBy | United States Customs Service NERFINISHED ⓘ |
| appliesTo |
imported manufactured goods
ⓘ
imported raw materials ⓘ |
| averageRate | approximately 32 percent ad valorem ⓘ |
| classification | United States federal trade legislation ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| economicContext | post-Panic of 1837 recovery ⓘ |
| effectiveDate | 1842-09-01 ⓘ |
| enactedBy | 27th United States Congress NERFINISHED ⓘ |
| era | 19th-century United States economic history ⓘ |
| exempted | some raw materials used in manufacturing ⓘ |
| fiscalPolicyType | protective tariff ⓘ |
| geopoliticalContext | antebellum United States ⓘ |
| hasSuccessorPolicy | revenue-oriented Walker Tariff of 1846 NERFINISHED ⓘ |
| impact |
contributed to sectional tensions over tariff policy
ⓘ
raised average tariff rates compared to the Compromise Tariff of 1833 ⓘ |
| jurisdiction | customs districts of the United States ⓘ |
| legalForm | Act of Congress ⓘ |
| legislativeChamberInvolved |
United States House of Representatives
NERFINISHED
ⓘ
United States Senate NERFINISHED ⓘ |
| longTitleContains | An Act to provide revenue from imports, and to change and modify existing laws imposing duties on imports ⓘ |
| opposedBy | many Southern Democrats ⓘ |
| policyDirection | reversal of previous tariff reductions ⓘ |
| precededBy | Compromise Tariff of 1833 NERFINISHED ⓘ |
| purpose |
to increase federal revenue
ⓘ
to protect American manufacturing ⓘ to raise import duties ⓘ |
| relatedTo |
American System economic program
NERFINISHED
ⓘ
United States tariff policy ⓘ |
| repealedBy | Walker Tariff NERFINISHED ⓘ |
| repealOrSupersessionDate | 1846 ⓘ |
| signedBy | John Tyler NERFINISHED ⓘ |
| signingDate | 1842-08-30 ⓘ |
| supportedBy | Whig Party NERFINISHED ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.