Wilson-Gorman tariff (55 words)

Historical Context Note

  • Editors

Context

In the USA, the Wilson-Gorman tariff is passed, diminishing the charge levied on imports from the level embodied in the contentious McKinley tariff, and imposing a 2% income tax. President Grover Cleveland had hoped to pass a much lower tariff, and is very disappointed with this result, but allows the law to pass without his signature.

Citation:
Editors. "Wilson-Gorman tariff". The Literary Encyclopedia. First published 30 December 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=19132, accessed 09 December 2016.]