Act of 1861

GPTKB entity

Statements (53)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:affects importers
gptkbp:amended_by Tariff Act of 1864
gptkbp:associated_with protectionism
gptkbp:community_impact strengthened federal government
gptkbp:consequences led to increased sectional tensions
gptkbp:context pre-Civil War economic policy
gptkbp:controversy debate over tariffs
gptkbp:diplomatic_relations protectionist fiscal policy
gptkbp:economic_impact stimulated Northern economy
gptkbp:effective_date 1861
July 1, 1861
gptkbp:enacted_by gptkb:legislation
gptkbp:enforces customs officials
gptkbp:goal to protect American industry
gptkbp:governing_body part of a series of tariff acts
gptkbp:growth_rate increased duties on imports
gptkbp:historical_analysis analyzed in economic history
gptkbp:historical_context economic tensions between North and South
gptkbp:historical_debate tariff policy effectiveness
gptkbp:historical_event contributed to the economic divide between North and South
gptkbp:historical_impact shaped future tariff policies in the U. S.
gptkbp:historical_significance first major tariff act after the secession of Southern states
https://www.w3.org/2000/01/rdf-schema#label Act of 1861
gptkbp:impact increased federal revenue
gptkbp:influenced_by gptkb:Republican_Party_platform
economic conditions of the 1850s
gptkbp:introduced gptkb:Senator_William_H._Seward
gptkbp:is_affected_by import-export businesses
gptkbp:is_implemented_in gptkb:Department_of_the_Treasury
gptkbp:is_opposed_by gptkb:Southern_Democrats
gptkbp:is_supported_by Northern industrialists
gptkbp:legacy set precedent for future tariffs
gptkbp:legislation gptkb:Morrill_Tariff
gptkb:Revenue_Act_of_1862
gptkbp:market mercantilism
protectionist theory
gptkbp:purpose to provide for the collection of duties on imports
gptkbp:related_event Civil War financing
gptkbp:related_show gptkb:Abraham_Lincoln
gptkb:Salmon_P._Chase
gptkb:Thaddeus_Stevens
gptkbp:related_to Tariff
gptkbp:repealed_by gptkb:Tariff_Act_of_1862
gptkbp:revenue government funding
customs duties
funding the Union war effort
significant increase in tariff rates
gptkbp:significant_event gptkb:American_Civil_War
gptkbp:target_market manufacturing
gptkbp:bfsParent gptkb:Act_to_Establish_a_Bureau_of_Military_Supply
gptkb:Act_to_Establish_a_Bureau_of_Ordnance
gptkbp:bfsLayer 5