Posts Tagged ‘Banner Day’

This Day in Wall Street History 1869 : Congress passes Morrill’s Tarif

Today was a banner day for protectionists and industrialists alike, as Congress passed the Morrill Tariff Act, which hiked duties on imports to an average rate of 47 percent. The legislation was also another victory for Congressman Justin Morrill, who, starting in 1861, had drafted a series of tariffs designed to protect U.S.

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This Day in Wall Street History 1869: Congress passes Morrill’s Tarif

February 24, 1869, was a banner day for protectionists and industrialists alike, as Congress passed the Morrill Tariff Act, which hiked duties on imports to an average rate of 47 percent. The legislation was also another victory for Congressman Justin Morrill, who, starting in 1861, had drafted a series of tariffs designed to protect U.S.

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