PPT-Tariffs and Nullification

Different Economies The North Fishing shipbuilding industry and naval supplies trade and port cities Skilled craftsmen shopkeepers manufacturing textiles tools metals building materials etc . States Rights Vs. Federal . Goverment. Nullification Crisis. Tariff of 1828. Tariff . Act of1828 . is passed under JQA, . raising taxes . on imported goods like cloth and glass. .. The idea was to encourage the growth of manufacturing and industry. Higher tariffs meant higher prices for imported factory goods. American manufacturers could then out-sell foreign competitors. . Reasons for Protection. Econ 340. Lecture 7: Reasons. 2. Outline: Reasons for Protection. Reasons that DO NOT Make Economic Sense. Pauper Labor. Fairness. Patriotism. Retaliation. Reasons the DO Make Economic Sense, with Counter-Arguments. MOBILE. O2. and . Vodafone. TARIFFS. O2. Business Sharer . (Core tariff). . Parent Tariff. Inclusive UK . Mins. Per Month. Inclusive Texts Per Month. Handsets Limit. Parent Cost Per Month Ex VAT. Child Cost. States Rights Vs. Federal . Goverment. Nullification Crisis. Tariff of 1828. Tariff . Act of1828 . is passed under JQA, . raising taxes . on imported goods like cloth and glass. .. The idea was to encourage the growth of manufacturing and industry. Higher tariffs meant higher prices for imported factory goods. American manufacturers could then out-sell foreign competitors. . 1828 Tariff of Abominations-raises rates from 23%-45%. North getting richer at expense of south. 1832 Tariff-reduces rate to 35%. SC . nullifies-not low enough. 2. 1828 “SC Exposition & Protest”. http://myweb.liu.edu/~uroy/eco41. Textbook. Section “Basic Tariff Analysis” of Chapter 9 (“The Instruments of Trade Policy”). Recap: Tariffs are terrible for a “small” country. We have seen in our analysis of the effects of a tariff in a “small” country that:. & also events that led to Civil War. #2 (the Entire timeline). Causes of Civil War - sectionalism. N &S like two different counties. Different economic, social, and political beliefs. .. North. – an action by a state that cancels a federal law to which the state objects. Martin Van Buren . – President of the United States who succeeded Andrew Jackson. William Henry Harrison . – Whig candidate who defeated Van Buren in the 1840 presidential election. The Great Triumvirate. Clay, Calhoun, & Webster. Henry Clay. 1777. - Born in Hanover County, VA. 1797. - moved to Lexington, KY. 1806 – 1807 . - U.S. Senate. 1810 – 1811 . - U.S. Senate. 1811 –1814 . Bell Ringer 4/10/14. DO NOW!!!!!. Why do you think Jackson is being pictured this way?. Lesson 2: The Nullification Crisis. In 1828, Congress . passed. a law raising . tariffs. , or taxes on imported goods such as cloth and glass. . 1800 - 1848. ). – 10%. Everything You Need To Know About Period . 4. Increased Democracy And Government Relationships. Emergence of Political Parties. Federalists vs. Democratic-Republicans (1790s). Andrew K Rose. Berkeley-Haas, ABFER, CEPR and NBER. Today’s Agenda. New Research on Macroeconomic Tariff Effects. What Effect is Trump . Himself. Having on American Exports?. New Research linking “Soft Power” to Trade. electricity tariffs, PSR, Zimbabwe1. Brief Background on Zimbabwe Identify the political, social and economic characteristics during the age of Jackson. Andrew Jackson. First President to be from somewhere other than Massachusetts or Virginia. Did not grow up wealthy (defeated John Quincy Adams, son of John Adams) to become president.