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James K. Polk's agenda, unlike that of his two immediate predecessors, was largely driven by foreign policy considerations, namely, territorial expansion and foreign trade. Each of these, however, promised profound domestic consequences, the former in terms of the slavery question and the latter in terms of what to do about tariff levels.
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Oct 29, 2009 · James K. Polk (1795-1849) served as the 11th U.S. president from 1845 to 1849. During his tenure, America’s territory grew by more than one-third and extended across the continent for the first ...
Jul 18, 2015 · In 1842, Congress passed the Black Tariff, which had reversed the effects of earlier attempts to lower the tariff rates. Backed by the Whig Party and industrial interests, the Black Tariff raised average tariff rates to almost 40%. One of President Polk's first call to action was to reduce tariffs and increase trade with other countries like ...
James Knox Polk (1795-1849) served as the Speaker of the House of Representatives (1835-1839), Governor of Tennessee (1839-1841), and the 11th President of the United States (1845-1849). A Democrat and protégé of Andrew Jackson, Polk won the 1844 presidential election despite being a "dark horse." As president, he reduced tariffs, restored ...
Other articles where Walker Tariff Act is discussed: James K. Polk: Presidency of James K. Polk: …and the passage of the Walker Tariff Act of 1846, which lowered import duties and did much to pacify British public opinion that had been inflamed over the Oregon compromise of 1846. As these measures helped foreign trade, so the reenactment of the independent treasury system in 1846 helped in…
Walker tariff. The Walker Tariff was a set of tariff rates adopted by the United States in 1846. Enacted by the Democrats, it made substantial cuts in the high rates of the "Black Tariff" of 1842, enacted by the Whigs. It was based on a report by Secretary of the Treasury Robert J. Walker . The Walker Tariff reduced tariff rates from 32% to 25%.
The first goal was to reduce the tariff, or tax, on imported goods. Polk believed that the tariff should be just high enough to pay for the operation of the federal government. In 1846, Congress ...
