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New Estimates of the Average Tariff of the United States, 1790–1820
Published online by Cambridge University Press: 07 October 2003
Abstract
The first order of business for the new Congress under the Constitution of 1787 was raising revenue to fund the government's operation and to service the public debt. On 8 April 1789, two days after the first Congress achieved a quorum, James Madison introduced a proposal to levy duties on imported goods. This tariff proposal became one of the first pieces of legislation passed by Congress and was signed by President George Washington on 4 July 1789.The author thanks the National Science Foundation for providing partial research support.
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- © 2003 The Economic History Association
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