Formation of the Union, 1750-1829Hart, Albert Bushnell
History
Formation of the Union, 1750-1829
Hart, Albert Bushnell
United States -- History; United States -- Politics and government
An evidence of political uneasiness was the Tariff Act of May 22, 1824.
The tariff of 1816 had not brought about the good that was expected of it:
importations of foreign goods were indeed cut down from $129,000,000 in
1816 to $50,000,000 in 1823; but the balance of trade was still rather
against the United States, and in 1819 there was a financial crisis. In
1820 an act to raise the duties passed the House, but was lost in the
Senate by a single vote. Manufactures had been growing, although profits
were not large, and public sentiment was beginning to change in New
England. The Western vote was now larger than eight years earlier, and was
in favor of protection. Exports of agricultural products had fallen off,
and the agricultural States hoped to find a better market among the
manufacturers.
[Sidenote: Act of 1824.]
It was a favorable time for a tariff act, inasmuch as the friends of none
of the Presidential candidates were willing to commit themselves against
it. Clay came forward as the champion of the protective system: "The
object of this bill," said he, "is to create thus a home market, and to
lay the foundation of a genuine American policy." The South now strongly
and almost unanimously opposed the tariff; even Webster spoke against it,
declaring "freedom of trade to be the general principle, and restriction
the exception." A combination of the Middle and Western States with a part
of New England furnished the necessary majority. The tariff increased the
duties on metals like iron and lead, and on agricultural products like
wool and hemp, but gave little additional protection to woollen and cotton
goods. As the bill approached its passage, John Randolph violently
protested: "There never was a constitution under the sun in which by an
unwise exercise of the powers of the government the people may not be
driven to the extremity of resistance by force."
133. THE ELECTION OF 1824.
[Sidenote: Era of good feeling.]
[Sidenote: Presidential candidates.]
Public-domain text, read in full here on John Shaqi.
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