William Howard Taft rode into the Oval Office on a platform that included an anti-protectionist pledge to slash tariff rates. On April 9, 1909, Congress seemingly helped the new president make excellent on his promise by passing the “Payne-Aldrich Tariff Act.” In its initial form, the tariff called for a list of free goods, to go along with lower rates — provisions that readily appealed to Progressives, importers and exporters.
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This Day in Wall Street History 1909: Congress passes Payne-Aldrich Act
April 9th, 2010 
Before You Invest 
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April 9th, 2009 Before You Invest William Howard Taft rode into the Oval Office on a platform that included an anti-protectionist pledge to slash tariff rates. On April 9, 1909, Congress seemingly helped the new president make excellent on his promise by passing the “Payne-Aldrich Tariff Act.” In its initial form, the tariff called for a list of free goods, to go along with lower rates — provisions that readily appealed to Progressives, importers and exporters.
Posted in Finance Fraud Tags: Aldrich, Business Community, Cheap Raw Materials, Foreign Markets, Free Goods, Hackles, Importers, Industrialists, Law Books, New President, Oval Office, Political Arena, Progressives, Source History, Steady Flow, Tariff Act, Tariff Rates, Wall Street History, William Howard Taft, William Taft No Comments »
