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:
“Although military, economic and political strength certainly favors the more powerful side, the matter of simple justice is a counterbalancing factor.”
—Jimmy Carter (James Earl Carter, Jr.)
“The two real political parties in America are the Winners and the Losers. The people dont acknowledge this. They claim membership in two imaginary parties, the Republicans and the Democrats, instead.”
—Kurt Vonnegut, Jr. (b. 1922)