\mˈɒɹɪl tˈaɹɪf], \mˈɒɹɪl tˈaɹɪf], \m_ˈɒ_ɹ_ɪ_l t_ˈa_ɹ_ɪ_f]\
Definitions of MORRILL TARIFF
Sort: Oldest first
so called after its framer, Justin S. Morrill, of Vermont. This tariff became law just before the war, March 2, 1861. It restored the protective rates of 1846 and substituted specific for ad-valorem duties. The Tariff Act of 1864, also under the management of Morrill, was distinctly a war tariff used to advance the protectionist notions of its framers. It taxed every possible article indiscriminately and at the highest rates.
By John Franklin Jameson
Word of the day
- Complication diabetes from severe insulin deficiency coupled with an absolute or relative increase in concentration. metabolic acidosis is caused by breakdown of adipose stores and resulting increased levels free fatty acids. Glucagon accelerates the oxidation acids producing excess ketone bodies (ketosis).