Question

What or Who is McKinley Tariff?

Answer 1

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Answer 2

The Tariff Act of 1890, commonly called the McKinley Tariff, was an act framed by Representative William McKinley that became law on October 1, 1890. The tariff raised the average duty on imports to almost fifty percent, an act designed to protect domestic industries from foreign competition.
Tariffs, taxes on foreign goods entering a country, served two purposes for the United States in the late 19th century. One was to raise fiscal revenue for the federal government, and the other was to protect domestic manufacturers from foreign competition. This controversial idea was known as protectionism.

Answer 3

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