US History timeline & concept chart: 1860s-1900: Difference between revisions

US History timeline & concept chart: 1860s-1900 (view source)

756 bytes added , 17 May 2021

5,082

edits

@@ Line 160: / Line 160: @@
 ** very powerful political actor, especially under Johnson
 * negotiated the '''Alaska Purchase''' (derisively called "Seward's Folly") from Russia in 1867 for $7.2 million.
 |- style="vertical-align:top;"
@@ Line 575: / Line 574: @@
 * '''McKinley Tariff of 1890'''
-**
+** explicitly protective tariff, raised rates 50% on average
+** McKinley, who would become President in 1897, was known as the "Napoleon of Protection"
+** the Tariff used the concept of "reciprocal" tariffs, which mean that certain items would be exempt from tariffs, such as sugar, coffee, and tea in order "to secure reciprocal trade"
+*** i.e. countries exporting those goods lower tariffs on American goods
+*** but the US could raise tariffs if that "reciprocity" was unmet
+**** note that "reciprocity" was negotiated but not enacted between the US and Canada in 1911
+** the tariff became unpopular as it raised the cost of many goods
+** Republicans lost the House in 1890 and the presidency and the Senate n 1892 largely in opposition to the tariff
+***
 * '''Wilson-Gorman Tariff, 1894'''
@@ Line 611: / Line 618: @@
 ** Cleveland refused to recognize American annexation of Hawaii
 ** in 1898, the US officially annexed Hawaii as part of the settlement of the Spanish-American War (1898)
+===== Spanish-American war, 1898 =====
-=== Spanish-American war, 1898 ===
 * Cuban revolutionaries appealed to Americans for help for independence from Spain