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Willem van de Velde the Younger, Dutch ships in a calm. Public domain.

Willem van de Velde the Younger, Dutch ships in a calm. Public domain.

WallPost·America 250 · Article 145 of 250
The Decision · 1922

The Tariff Wall

At a glance

The Tariff Act of 1922 raised duties on a wide range of imports, which sheltered some American factories and raised the cost of what households and farmers bought.

If money is tight

A stretched household paid the tariff inside the price of clothing, tools, and other finished goods, with no line on the receipt to show it.

If you are in the middle

A farm household sold crops at a world price and bought protected manufactures at a home price, so the wall faced the wrong way for the farm.

If you already have assets

A manufacturer who competed with imports gained a higher fence around the home market, and a firm that needed foreign customers met tariffs raised in reply.

The Fordney-McCumber tariff was sold as help for business and, on paper, for the farmer, and it did put duties on some farm goods as well as on factory goods.

A grower of wheat or cotton still met a world price on the way out.

On the way back in, the machinery and the clothing carried the protected price.

Tariff Act of 1922; F. W. Taussig, The Tariff History of the United States