Tuesday, February 19, 2019

Federal Government’s Response to Economic Issues of Tariff Essay

One outstanding feature of the line transport during the 1880s was decrease of freight charges to large shippers, a fact that was disadvantageous to small shippers. railway system transport was in any case infamous for excessive charges between destinations that were served by peerless railway line. Moreover, some railroads demanded more payment from some shippers than from others, for the same maintain covered (Brinkley et.al 1995).When Cleverland assumed office for the first time, his administration passed the first interstate gameyway Commercial Act that primarily regulated transportation by railway line, in addition to creating an Interstate Commerce Commission (ICC) that protected against whatever violations of the Act.The Act also prevented levying of extra charges, and discrimination in order and rebates. Cleverland compete an active role in effecting reduction of the high Tariffs. (Brinkley et.al 1995) He believed that high tariffs were the reason behind the high c ost of living and for the rapid agency in which trusts were developing. In 1887 and 1888, he made attempts to lower rates of contraceptive tariff. These attempts were however, unsuccessful (Farmer, 2005).His second term in office as the chair was characterized by severe economic and financial crisis brought by collapse in the stock market. However, despite the crisis, Cleverlands administration also saw the notch of The Wilson-Gorman Tariff Act of 1894. This law had important concessions to protectionism, in addition to cut down the rates of Tariff. (Brinkley et.al 1995)When Harrison became the president in 1889, his Government, in order to fulfill resource promises, passed the McKinley tariff Act, This Act sought to protect established industries and to encourage offset of emerging industries (Farmer, 2005). The McKinley Tariff however became unpopular especially with farmers and consumers since it occasioned a climb in retail prices and take to increase in the import rate s in industrial goods. However, during Harrisons term in office, eight treaties that led to reduction in tariff rates were negotiated.Harrisons tenure also saw the passing of the famous Sherman Anti-Trust Act, which vested the government with powers of filing lawsuits against business organizers whose actions guarded competition. This law was however, not enforced and the concentration of trusts went on as earlier (Brinkley et.al 1995).Reference1. Brinkley, A., Freidel, F., Williams, H. T. (1995). American History A Survey. (9th ed). New York. McGraw Hill.2. Farmer, B.R. (2005). American conservativism History Theory and Practice. England. Cambridge Scholars Press.

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