Development of the Industrial United States 1878-1899: Government and Politics Research Article from American Eras

This Study Guide consists of approximately 68 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Development of the Industrial United States 1878-1899.

Development of the Industrial United States 1878-1899: Government and Politics Research Article from American Eras

This Study Guide consists of approximately 68 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Development of the Industrial United States 1878-1899.
This section contains 490 words
(approx. 2 pages at 300 words per page)
Buy the Development of the Industrial United States 1878-1899: Government and Politics Encyclopedia Article

During the Civil War the federal government had levied an income tax, which had accounted for about 20 percent of its revenues. With various domestic manufacturers' and sales taxes adding another 23 percent, internal revenues exceeded tariffs, or taxes on imported goods, as a source of federal funds. After the war most domestic taxes were phased out, and the income tax expired in 1872. The primary means of financing the federal government became tariffs. American producers and manufacturers had long relied on the government to use tariffs as a way to block foreign competition with their products on the domestic market. For example, Louisiana beet growers, Pennsylvania iron and steel manufacturers, West Virginia coal-mine owners, and Ohio and Texas wool growers all feared that low-priced imports would drive them out of the American market. High tariffs imposed on such foreign goods priced them above domestic...

(read more)

This section contains 490 words
(approx. 2 pages at 300 words per page)
Buy the Development of the Industrial United States 1878-1899: Government and Politics Encyclopedia Article
Copyrights
Gale
Development of the Industrial United States 1878-1899: Government and Politics from Gale. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.