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RE: LeoThread 2024-12-15 12:39

in LeoFinance16 days ago

Part 4/9:

In the United States, the framework for tariffs was established soon after the Constitution's ratification. The first significant congressional action on tariffs was the Tariff of 1789, which initiated the government’s reliance on import duties to generate revenue. While many Americans supported tariffs to foster emerging industries, fluctuations in public opinion led to tensions, notably the Nullification Crisis in South Carolina against the Tariff of Abominations.

The Shift in Tariff Attitudes