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McKinley Tariff
The Tariff Act of 1890, commonly called the McKinley Tariff, was an act of the United States Congress framed by then-Representative William McKinley, that became law on October 1, 1890. The tariff raised the average duty on imports to almost 50%, an increase designed to protect domestic industries and workers from foreign competition, as promised in the Republican platform. It represented protectionism, a policy supported by Republicans and denounced by Democrats. It was a major topic of fierce debate in the 1890 congressional elections, which gave a Democratic landslide. Democrats replaced the McKinley Tariff with the Wilson–Gorman Tariff Act in 1894, which lowered tariff rates. Description After 450 amendments, the Tariff Act of 1890 was passed and increased average duties across all imports from 38% to 49.5%.Reitano 1994, p. 129 McKinley was known as the "Napoleon of Protection", and rates were raised on some goods and lowered on others, always in an attempt to protect Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1890 United States House Of Representatives Elections
Year 189 ( CLXXXIX) was a common year starting on Wednesday of the Julian calendar. At the time, it was known as the Year of the Consulship of Silanus and Silanus (or, less frequently, year 942 ''Ab urbe condita''). The denomination 189 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Plague (possibly smallpox) kills as many as 2,000 people per day in Rome. Farmers are unable to harvest their crops, and food shortages bring riots in the city. China * Liu Bian succeeds Emperor Ling, as Chinese emperor of the Han dynasty. * Dong Zhuo has Liu Bian deposed, and installs Emperor Xian as emperor. * Two thousand eunuchs in the palace are slaughtered in a violent purge in Luoyang, the capital of Han. By topic Arts and sciences * Galen publishes his ''"Treatise on the various temperaments"'' (aka ''On the Elements According to Hippocrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1893
The Panic of 1893 was an economic depression in the United States. It began in February 1893 and officially ended eight months later. The Panic of 1896 followed. It was the most serious economic depression in history until the Great Depression of the 1930s. The Panic of 1893 deeply affected every sector of the economy and produced political upheaval that led to the political realignment and the presidency of William McKinley. The panic climaxed with a run on gold from the United States Treasury. As part of the panic, on May 5, 1893, the Dow Jones Industrial Average fell 24% in a single day after the bankruptcy of National Cordage Company; this was the largest single day drop until the Great Depression. Unemployment rates in many states rose above 25% and poverty became widespread. Causes Causes of the panic include: * Baring crisis - Heavy investment in Argentina by Barings Bank followed by the 1890 wheat crop failure and the Revolution of the Park, a failed coup in Buenos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Douglas Irwin
Douglas A. Irwin is the John French Professor of Economics in the Economics Department at Dartmouth College and the author of seven books. He is an expert on both past and present U.S. trade policy, especially policy during the Great Depression. He is frequently sought by media outlets such as The Economist and Wall Street Journal to provide comment and his opinion on current events. He also writes op-eds and articles about trade for mainstream media outlets like ''The Wall Street Journal'', ''The New York Times'', and ''Financial Times''. He is also a nonresident senior fellow at the Peterson Institute for International Economics. Prior to his appointment to as professor at Dartmouth, Irwin was an associate professor of business economics at the University of Chicago Booth School of Business, an economist for the Board of Governors of the Federal Reserve System, and an economist for the Council of Economic Advisers Executive Office of the president. Education Irwin received h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Civil War
The American Civil War (April 12, 1861May 26, 1865; also known by Names of the American Civil War, other names) was a civil war in the United States between the Union (American Civil War), Union ("the North") and the Confederate States of America, Confederacy ("the South"), which was formed in 1861 by U.S. state, states that had Secession in the United States, seceded from the Union. The Origins of the American Civil War, central conflict leading to war was a dispute over whether Slavery in the United States, slavery should be permitted to expand into the western territories, leading to more slave states, or be prohibited from doing so, which many believed would place slavery on a course of ultimate extinction. Timeline of events leading to the American Civil War, Decades of controversy over slavery came to a head when Abraham Lincoln, who opposed slavery's expansion, won the 1860 presidential election. Seven Southern slave states responded to Lincoln's victory by seceding f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Ways And Means Committee
A ways and means committee is a government body that is charged with reviewing and making recommendations for government budgets. Because the raising of revenue is vital to carrying out governmental operations, such a committee is tasked with finding the ways and means with which to raise that revenue. The term "ways and means" originated with the Parliament of England and refers to the provision of revenue to meet national expenditure requirements and to implement the objectives of economic policy. The ways and means are provided by the imposition of taxation. Canada The Canadian federal government, which follows the British Parliamentary System, also adopted the term "Ways and Means" within its tax system. For example, the Minister of Finance introduces changes to its fiscal plan via a Ways and Means Motion to Amend the Income Tax Act 1985. The Minister tables the motion in Parliament and then presents the budget highlights in a formal budget speech. Only after a federal bud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Brackett Reed
Thomas Brackett Reed Jr. (October 18, 1839 – December 7, 1902) was an American attorney, author, parliamentarian and Republican Party politician from Maine who served as the 32nd Speaker of the United States House of Representatives from 1889 to 1891 and 1895 to 1899. He represented Maine's 1st congressional district in the House from 1877 to 1899 and, prior to his time in Congress, represented Portland in the Maine legislature and served as Attorney General of Maine. In 1876, he was elected to represent Cumberland and York counties in the U.S. House and was re-elected for twelve consecutive terms. As Speaker, Reed had greater influence over the agenda and operations of the House than any prior Speaker. His first term was marked by a dramatic expansion of the Speaker's formal authority through changes to the House Rules, and he remains one of the most powerful Speakers in House history. He set out to put into practical effect his dictum "The best system is to have one party ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ohio
Ohio ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the west, and Michigan to the northwest. Of the 50 List of states and territories of the United States, U.S. states, it is the List of U.S. states and territories by area, 34th-largest by area. With a population of nearly 11.9 million, Ohio is the List of U.S. states and territories by population, seventh-most populous and List of U.S. states and territories by population density, tenth-most densely populated state. Its List of capitals in the United States, capital and List of cities in Ohio, most populous city is Columbus, Ohio, Columbus, with the two other major Metropolitan statistical area, metropolitan centers being Cleveland and Cincinnati, alongside Dayton, Ohio, Dayton, Akron, Ohio, Akron, and Toledo, Ohio, Toledo. Ohio is nicknamed th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benjamin Harrison
Benjamin Harrison (August 20, 1833March 13, 1901) was the 23rd president of the United States, serving from 1889 to 1893. He was a member of the Harrison family of Virginia—a grandson of the ninth president, William Henry Harrison, and a great-grandson of Benjamin Harrison V, a Founding Fathers of the United States, Founding Father. A Union Army veteran and a Republican, he defeated incumbent Grover Cleveland to win the presidency in 1888. Harrison was born on a farm by the Ohio River and graduated from Miami University in Oxford, Ohio. After moving to Indianapolis, he established himself as a prominent local attorney, Presbyterian church leader, and politician in Indiana. During the American Civil War, he served in the Union Army as a Colonel (United States), colonel, and was confirmed by the United States Senate, U.S. Senate as a Brevet (military), brevet Brigadier general (United States), brigadier general of volunteers in 1865. Harrison unsuccessfully ran for gov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Of The Union Address
The State of the Union Address (sometimes abbreviated to SOTU) is an annual message delivered by the president of the United States to a joint session of the United States Congress near the beginning of most calendar years on the current condition of the nation. The speech generally includes reports on the nation's budget, economy, news, agenda, progress, achievements and the president's priorities and legislative proposals. The address fulfills the requirement in Article II, Section 3, Clause 1 of the U.S. Constitution for the president to periodically "give to the Congress Information of the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient". During most of the country's first century, the president primarily submitted only a written report to Congress. After 1913, Woodrow Wilson, the 28th U.S. president, began the regular practice of delivering the address to Congress in person as a way to rally support for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of The Democratic Party (United States)
The Democratic Party (United States), Democratic Party is one of the two major political parties of the United States political system and the oldest active Political parties in the United States, political party in the country. Founded in 1828, the Democratic Party is the oldest active voter-based political party in the world. The party has changed significantly during its nearly two centuries of existence. Once known as the party of the "common man", the early Democratic Party stood for individual rights and state sovereignty, and opposed banks and high tariffs. In the first decades of its existence, from 1832 to the mid-1850s (known as the Second Party System), under Presidents Andrew Jackson, Martin Van Buren, and James K. Polk, the Democrats usually defeated the opposition Whig Party (United States), Whig Party by narrow margins. Before the American Civil War, the party generally supported slavery or insisted it be left to the states. After the war until the 1940s, the part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
