MONOPOLY OF TRADE THE TARIFF. 



629 



Estimated average rate under Mills' bill, 40 per cent. 



The first tariff law was passed July 4th, 1789, the last 

 the 3rd of March, 1883. Including these two, there have 

 been fifty-five tariff acts passed in ninety-nine years, the 

 most of which, however, only made slight changes in the 

 schedules. The tariff laws usually considered the most 

 important by historians w^ere passed as follows: 



Hamilton tariff 1789 



Calhoun tariff 1816 



Clay tariff 1824 



Abomination tarif7 1828 



Compromise tariff J 833 



Whig tariff 1842 



Walker tariff . 1846 



Morrill tariff 1861 



"By reference to the table the reader will no doubt be 

 surprised to observe that the highest rate, 69. 03 per cent , 

 *.vas in 1813. While the lowest, 6. 84 per cent. , was in 1815. 



