Relations (1)
Facts (3)
Sources
U.S. tariff outcomes dependent on trading partner responses dallasfed.org 1 fact
accountThe United States government began efforts to diversify revenue sources in 1862 during the Civil War to fund war expenses, which coincided with the introduction of excise taxes as a major income source.
History of tariffs in the United States - Wikipedia en.wikipedia.org 1 fact
claimFrom the Civil War until the early 20th century, high tariffs served as the ideological foundation of the Republican Party coalition in the United States, promising higher sales for businesses, higher wages for industrial workers, and higher demand for crops for farmers.
New research examines the historical macroeconomic effects of ... equitablegrowth.org 1 fact
claimCivil War-era US tariffs are considered inextricably linked with economic conditions at the time, while post-Civil War tariff choices are considered motivated by ideological positions.