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:
“It is the genius of our Constitution that under its shelter of enduring institutions and rooted principles there is ample room for the rich fertility of American political invention.”
—Lyndon Baines Johnson (19081973)
“We give lovely parties that last through the night,
I dress as a woman and scream with delight,
We wake up at lunch time and find were still tight.
What could be duller than that?”
—Noël Coward (18991973)