McKinley Tariff
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The McKinley Tariff of 1890 was what set the average ad valorem tariff rate for imports to the United States at 48.4%, and protected agriculture. Its chief proponent was Congressman and future President William McKinley.
In return for its passage, the Sherman Silver Purchase Act was given Republican support. It raised the prices in the United States under Benjamin Harrison, which may have cost him his presidency in the next elections. Although the tariff succeeded at increasing revenues for American farmers, who now had an advantage in competing with outside agricultural goods, it may have hurt industrialists who depended on imports as a source of raw materials.
