Science Fair Project Encyclopedia
Compromise of 1833
This American tariff was enacted due to Southern agitation over tariff protection of Northern manufacturing in the early American industrial revolution. It reduced the profits flowing to the North. The terms stated that the tariff rates would be gradually reduced to the rates of the Tariff of 1832 (by about 10%) over 8 years. By 1842, the tariff rates would then be at the levels of 1816 (approximately 20-25% on the value of dutiable goods). It proved that the South could assert some power, and briefly held off the American Civil War.
Last updated: 10-16-2005 07:35:28
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details