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:
“The man possessed of a dollar, feels himself to be not merely one hundred cents richer, but also one hundred cents better, than the man who is penniless; so on through all the gradations of earthly possessionsthe estimate of our own moral and political importance swelling always in a ratio exactly proportionate to the growth of our purse.”
—Frances Wright (17951852)
“Remorseis Memoryawake
Her Parties all astir
A Presence of Departed Acts
At windowand at Door”
—Emily Dickinson (18301886)