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date: 23 January 2022


The Oxford Companion to United States History
Paul P. AbrahamsPaul P. Abrahams

Tariffs have a long premodern history, but in U.S. history they have served two primary purposes: (1) to protect the domestic economy and specific economic sectors from foreign competition and (2) to raise government revenues. Even before the founding of the United States, British attempts to regulate imperial trade through tariffs and taxes precipitated resistance in the American colonies. Hence, the ... ...

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