Tariffs and Political Parties
The tariff issue was central to political party debates in the Second Party System, Third Party System and Fourth Party System, from the 1820s to the early 1930s. In general Democrats favored a tariff that would pay the cost of government, but no higher. Whigs and Republicans favored higher tariffs to encourage or "protect" industry and industrial workers. Tariffs were generally low before 1860, and high after that. Since the 1930s, however, tariffs have been very low and have been much less a matter of partisan debate.
Read more about this topic: Tariffs In United States History
Famous quotes containing the words political and/or parties:
“Liberalism, austere in political trifles, has learned ever more artfully to unite a constant protest against the government with a constant submission to it.”
—Alexander Herzen (1812–1870)
“And therefore, as when there is a controversy in an account, the parties must by their own accord, set up for right Reason, the Reason of some Arbitrator, or Judge, to whose sentence, they will both stand, or their controversy must either come to blows, or be undecided, for want of a right Reason constituted by Nature; so is it also in all debates of what kind soever.”
—Thomas Hobbes (1579–1688)