Word: mccumber
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...informed sources," has asked the British to cooperate in a post-war plan removing restrictions on the flow of international trade. This would mean perhaps the end of the Empire preferential tariff program. In turn, the U.S. would have to reconsider its own tariff structure from stem (1922 Fordney-McCumber Act) to stern (1930 Smoot-Hawley...
...explain this to Congress and the public this year. Many politicos are less certain, and the Republican high command is sure Mr. Hull will be rolled over a barrel of imported Argentine beef. It was the farm bloc who wrote the Emergency Tariff of 1921, the Fordney-McCumber tariff boost of 1922, the Smoot-Hawley Tariff Act of 1930. Republicans may again become "friends of the farmer." Last week Mr. Hull said he welcomed an investigation, if it were not made by chums of the Smoot-Hawley tariff...
...Underwood Tariff of 1913 lace duties were cut to 60%, and the whole industry nearly went bankrupt. However, it was saved by the War, which shut off imports from Europe, and in the Fordney-McCumber Tariff Act of 1922 the duty was boosted to the present rate-90%, highest ad valorem duty...
Died. Porter James McCumber, 75, longtime (1899-1922) U. S. Senator from North Dakota, co-author (with Michigan's Representative Joseph Warren Fordney) in 1922 of the famed Republican Fordney-McCumber Tariff Bill; after a stroke; in Washington...
...voted for: Fordney-McCumber Tariff (1922); Hawley-Smoot Tariff (1930); Bonus (1924, 1932); Tax reduction (1924, 1929): Tax lipping (1932); Equalization Fee (1928); Federal Farm Board (1929); Boulder Dam (1928); 15-Cruiser Bill (1929): Government operation of Muscle Shoals (1931): War Debt Moratorium (1931), "Lame Duck" Constitutional Amendment (1932); Sales Tax (1932): Beer tax for relief (1932); Borah currency inflation plan...