New York assembly imposes duties on foreign goods

Historical Context Note

The Literary Encyclopedia. Volume 3.2.2: American (US) Writing and Culture: The Nineteenth Century, 1783-1900.
Vol. editors: J. Michael Duvall (College of Charleston), Emory Elliott (University of California, Riverside), Stephen E. Meats (Pittsburg State University), Tony Papanikolas (San Jose State University)

Domains

Taxation

Dates

Date of occurrence 1787-04-11

Places

United States (Location)

Resources

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On the 4th of July ,1789, the Tariff Act was signed into law by President George Washington. The act allowed the federal government the powers to collect taxes on foreign imports. This was intended to serve a dual purpose; firstly to protect domestic industry from cheaper foreign goods and secondly to raise revenue for the government.

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