Payne-Aldrich Tariff Act

(redirected from Payne-Aldrich Tariff)

Payne-Aldrich Tariff Act,

1909, passed by the U.S. Congress. It was the first change in tariff laws since the Dingley Act of 1897; the issue had been ignored by President Theodore Roosevelt. The Republican platform of 1908 pledged revision of the tariff downward, and to this end President Taft called (1909) Congress into special session. The House promptly passed a tariff bill, sponsored by Sereno E. PaynePayne, Sereno Elisha
, 1843–1914, American legislator, b. Hamilton, N.Y. He was admitted to the bar (1866), practiced at Auburn, N.Y., and was active in Republican politics.
..... Click the link for more information.
, which called for some reduced rates. The Senate substituted a bill, fathered by Nelson W. AldrichAldrich, Nelson Wilmarth,
1841–1915, U.S. Senator from Rhode Island, b. Foster, R.I. He rose in local politics as state assemblyman (1875–76) and U.S. Representative (1879–81) before he served as Senator (1881–1911). Aldrich, after the death of Henry B.
..... Click the link for more information.
, which made fewer downward revisions and increased numerous rates. After a sustained attack on the Aldrich Bill by a group of insurgent Republicans in the Senate, a compromise bill was adopted, which somewhat moderated the high rates of the Aldrich bill; the measure was immediately signed by Taft. It lowered 650 tariff schedules, raised 220, and left 1,150 unchanged. Although the Payne-Aldrich Tariff Act was less aggressively protectionist than the McKinley Tariff Act (1890) and the later Dingley Act, it was, nevertheless, protectionist.
The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved.
References in periodicals archive ?
The Payne-Aldrich Tariff Act of 1909 provided for complete free trade between the United States and the Philippines.
After numerous failed attempts at creating a Tariff Board, Republicans finally established a temporary one as part of the 1909 Payne-Aldrich Tariff.(21) This Act authorized Republican President William Howard Taft to create a Tariff Board to assist him in determining whether foreign countries were discriminating against U.S.
One of the first orders of business for newly-elected President Wilson and the Democratic-controlled 63rd Congress in 1912 was to revise the Republican's 1909 Payne-Aldrich Tariff Act.
Before the Republicans' 1909 Payne-Aldrich Tariff Act, the average retail price of a pair of gloves was ten cents; after a five-cent per pair duty was imposed, the price rose to fifteen cents.
Similarly, the industry study on bleaching powder (which had both consumer and industrial uses) noted that a pound cost $1.50 in 1912 under the Payne-Aldrich Tariff but only $1.20 in 1914 after the Underwood Tariff cut the duty in half.
When Congress finished with the matter, however, the Payne-Aldrich Tariff Act, signed by Taft on Aug.
The Payne-Aldrich Tariff was more innovative than was understood then or has been acknowledged since.
Two years after the Payne-Aldrich Tariff became law, the Democrats had gained control of Congress and the presidency for the first time in nearly two decades.
policy from the Payne-Aldrich Tariff of 1909 to the Underwood Tariff of 1913 and from the Smoot-Hawley Tariff of 1930 to the Reciprocal Trade Agreement Act of 1934 somewhat tortured exercises.