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Wilson–Gorman Tariff Act
The Revenue Act or Wilson-Gorman Tariff of 1894 (ch. 349, §73, , August 27, 1894) slightly reduced the United States tariff rates from the numbers set in the 1890 McKinley tariff and imposed a 2% tax on income over $4,000. It is named for William L. Wilson, Representative from West Virginia, chair of the U.S. House Ways and Means Committee, and Senator Arthur P. Gorman of Maryland, both Democrats. Supported by pro-free trade members of the Democratic Party, this attempt at tariff reform imposed the first peacetime income tax (2% on income over $4,000 (), which meant fewer than 1% of households would pay any). The purpose of the income tax was to make up for revenue that would be lost by tariff reductions. The Democrats under the Second presidency of Grover Cleveland wanted to move away from the protectionism proposed by the McKinley tariff while Cleveland was still in office. By coincidence, $4,000 () would be the exemption for married couples when the Revenue Act of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grover Cleveland And Wilson-Gorman Tariff Cartoon
Grover is a blue Muppet character on the PBS/HBO children's television show ''Sesame Street''. Self-described as lovable, cute, and furry, he is a blue monster who rarely uses contractions when he speaks or sings. Grover was originally performed by Frank Oz from his earliest appearances. Eric Jacobson has performed the character regularly from the year 1998 onwards. Origins A prototype version of Grover appeared on ''The Ed Sullivan Show'' on Christmas Eve in 1967. This puppet had greenish-brown fur and a red nose. He also had a raspier voice – somewhat like Cookie Monster's – and was played a bit more unkempt than Grover would later behave. The monster was referred to as "Gleep", a monster in Santa's workshop. He later made a cameo appearance in '' The Muppets on Puppets'' in 1968 with the Rock and Roll Monster. In 1969, clad in a necktie, he appeared in the ''Sesame Street Pitch Reel'' in the board-room sequences. During the first season of ''Sesame Street'', the characte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Woodrow Wilson
Thomas Woodrow Wilson (December 28, 1856February 3, 1924) was the 28th president of the United States, serving from 1913 to 1921. He was the only History of the Democratic Party (United States), Democrat to serve as president during the Progressive Era when Republicans dominated the presidency and United States Congress, legislative branches. As president, Wilson changed the nation's economic policies and led the United States into World War I. He was the leading architect of the League of Nations, and his stance on foreign policy came to be known as Wilsonianism. Born in Staunton, Virginia, Wilson early life of Woodrow Wilson, grew up in the Southern United States during the American Civil War and Reconstruction era. After earning a Doctor of Philosophy, Ph.D. in history and political science from Johns Hopkins University, Wilson taught at several colleges prior to being appointed president of Princeton University, where he emerged as a prominent spokesman for progressivism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariff Laws In The United States
A tariff or import tax is a duty imposed by a national government, customs territory, or supranational union on imports of goods and is paid by the importer. Exceptionally, an export tax may be levied on exports of goods or raw materials and is paid by the exporter. Besides being a source of revenue, import duties can also be a form of regulation of foreign trade and policy that burden foreign products to encourage or safeguard domestic industry. Protective tariffs are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Tariffs on imports are designed to raise the price of imported goods to discourage consumption. The intention is for citizens to buy local products instead, which, according to supporters, would stimulate their country's economy. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1894 In Economic History
Events January * January 4 – Franco-Russian Alliance, A military alliance is established between the French Third Republic and the Russian Empire. * January 7 – William Kennedy Dickson receives a patent for motion picture film in the United States. * January 9 – New England Telephone and Telegraph installs the first Battery (electricity), battery-operated telephone switchboard, in Lexington, Massachusetts. February * February 12 – French anarchist Émile Henry (anarchist), Émile Henry sets off a bomb in a Paris café, killing one person and wounding twenty. * February 15 ** In Korea, peasant unrest erupts in the Donghak Peasant Revolution, a massive revolt of followers of the Donghak movement. Both China and Japan send military forces, claiming to come to the ruling Joseon dynasty government's aid. ** French anarchist Martial Bourdin dies of an accidental detonation of his own bomb, next to the Royal Observatory, Greenwich, in London, England. Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1894 In American Law
Events January * January 4 – A military alliance is established between the French Third Republic and the Russian Empire. * January 7 – William Kennedy Dickson receives a patent for motion picture film in the United States. * January 9 – New England Telephone and Telegraph installs the first battery-operated telephone switchboard, in Lexington, Massachusetts. February * February 12 – French anarchist Émile Henry sets off a bomb in a Paris café, killing one person and wounding twenty. * February 15 ** In Korea, peasant unrest erupts in the Donghak Peasant Revolution, a massive revolt of followers of the Donghak movement. Both China and Japan send military forces, claiming to come to the ruling Joseon dynasty government's aid. ** French anarchist Martial Bourdin dies of an accidental detonation of his own bomb, next to the Royal Observatory, Greenwich, in London, England. March * March 1 – The Local Government Act (coming into effect Dece ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dingley Act
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Pollock V
Pollock or pollack (pronounced ) is the common name used for either of the two species of North Atlantic marine fish in the genus ''Pollachius''. '' Pollachius pollachius'' is referred to as "pollock" in North America, Ireland and the United Kingdom, while '' Pollachius virens'' is usually known as saithe or coley in Great Britain and Ireland (derived from the older name coalfish). Other names for ''P. pollachius'' include the Atlantic pollock, European pollock, ''lieu jaune'', and lythe or lithe; while ''P. virens'' is also known as Boston blue (distinct from bluefish) and silver bill. Species The recognized species in this genus are: * '' Pollachius pollachius'' (Linnaeus, 1758) (pollack) * '' Pollachius virens'' (Linnaeus, 1758) (coalfish) Description Both species can grow to . ''P. virens'' can weigh up to and ''P. pollachius'' can weigh up to . ''P. virens'' has a strongly defined, silvery lateral line running down the sides. Above the late ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of The United States
The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States. It has ultimate appellate jurisdiction over all Federal tribunals in the United States, U.S. federal court cases, and over State court (United States), state court cases that turn on questions of Constitution of the United States, U.S. constitutional or Law of the United States, federal law. It also has Original jurisdiction of the Supreme Court of the United States, original jurisdiction over a narrow range of cases, specifically "all Cases affecting Ambassadors, other public Ministers and Consuls, and those in which a State shall be Party." In 1803, the Court asserted itself the power of Judicial review in the United States, judicial review, the ability to invalidate a statute for violating a provision of the Constitution via the landmark case ''Marbury v. Madison''. It is also able to strike down presidential directives for violating either the Constitution or s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grover Cleveland
Stephen Grover Cleveland (March 18, 1837June 24, 1908) was the 22nd and 24th president of the United States, serving from 1885 to 1889 and from 1893 to 1897. He was the first U.S. president to serve nonconsecutive terms and the first History of the Democratic Party (United States), Democrat elected president after the American Civil War, Civil War. Born in Caldwell, New Jersey, Cleveland was elected mayor of Buffalo in 1881 and governor of New York in 1882. While governor, he closely cooperated with New York State Assembly, state assembly minority leader Theodore Roosevelt to pass reform measures, winning national attention. He led the Bourbon Democrats, a pro-business movement opposed to History of tariffs in the United States#Civil War, high tariffs, free silver, inflation, imperialism, and subsidies to businesses, farmers, or Social history of soldiers and veterans in the United States, veterans. His crusade for political reform and fiscal conservatism made him an icon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sixteenth Amendment To The United States Constitution
The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows Congress to levy an income tax without apportioning it among the states on the basis of population. It was passed by Congress in 1909 in response to the 1895 Supreme Court case of '' Pollock v. Farmers' Loan & Trust Co.'' The Sixteenth Amendment was ratified by the requisite number of states on February 3, 1913, and effectively overruled the Supreme Court's ruling in ''Pollock''. Prior to the early 20th century, most federal revenue came from tariffs rather than taxes, although Congress had often imposed excise taxes on various goods. The Revenue Act of 1861 had introduced the first federal income tax, but that tax was repealed in 1872. During the late nineteenth century, various groups, including the Populist Party, favored the establishment of a progressive income tax at the federal level. These groups believed that tariffs unfairly taxed the poor, and they favored using the income tax t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Presidency Of Grover Cleveland
The second tenure of Grover Cleveland as the president of the United States began on March 4, 1893, when Second inauguration of Grover Cleveland, he was inaugurated as the nation's 24th president, and ended on March 4, 1897. Cleveland, a Democratic Party (United States), Democrat from New York (state), New York, who First presidency of Grover Cleveland, previously served as president from 1885 to 1889, took office following his victory over Republican Party (United States), Republican incumbent President Benjamin Harrison of Indiana in the 1892 United States presidential election, 1892 presidential election. Cleveland was the first U.S. president to leave office after one term and later be elected for a second term. He was succeeded by Republican William McKinley. As his second term began, disaster hit the nation when the Panic of 1893 produced a severe national economic depression. Cleveland presided over the repeal of the Sherman Silver Purchase Act, striking a blow against the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariff In American History
Tariffs have historically played a key role in the trade policy of the United States. Economic historian Douglas Irwin classifies U.S. tariff history into three periods: a ''revenue period'' (ca. 1790–1860), a ''restriction period'' (1861–1933) and a ''reciprocity period'' (from 1934 onwards). In the first period, from 1790 to 1860, average tariffs increased from 20 percent to 60 percent before declining again to 20 percent. From 1861 to 1933, which Irwin characterizes as the "restriction period", the average tariffs rose to 50 percent and remained at that level for several decades. From 1934 onwards, in the "reciprocity period", the average tariff declined substantially until it leveled off at 5 percent. Especially after 1942, the U.S. began to promote worldwide free trade. After the 2016 presidential election, the US increased trade protectionism. According to Irwin, tariffs were intended to serve three primary purposes: "to raise revenue for the government, to restrict ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
