The History of the Present Tariff 1860 1883
The History of the Present Tariff 1860 1883
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, calculated on this price, would make the duty $22. 50 per ton, or not very much less than the duty of $28 per ton imposed by the act of 1870. Between 1870 and 1873, the price of steel rails advanced in Eng- land, and the specific duty of $28 imposed in the former year was not higher than the ad-valorem rate of forty-five per cent, would have been. But after 1873 the prices of Bessemer steel and of steel rails steadily went down. As they did so, the specific duty became heavier in propor- tion... to the price. By 1877 the average price of steel rails in England was only a little over $31 per ton ; and since 1877 the English price has not on the average been so high as $28 per ton. The duty of $28, which this country imposed, has therefore been equivalent to more than one hundred per cent on the foreign price. The result of this exorbitant duty was an enormous gain to the producers of steel rails in the United States. The patent for the use of the Bessemer process was owned by a comparatively small number of companies ; and these companies, aided by a HOW DUTIES WERE RAISED.
What to read after The History of the Present Tariff 1860 1883?
You can find similar books in the "Read Also" column, or choose other free books by F W Frank William Taussig to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
, calculated on this price, would make the duty $22. 50 per ton, or not very much less than the duty of $28 per ton imposed by the act of 1870. Between 1870 and 1873, the price of steel rails advanced in Eng- land, and the specific duty of $28 imposed in the former year was not higher than the ad-valorem rate of forty-five per cent, would have been. But after 1873 the prices of Bessemer steel and of steel rails steadily went down. As they did so, the specific duty became heavier in propor- tion... to the price. By 1877 the average price of steel rails in England was only a little over $31 per ton ; and since 1877 the English price has not on the average been so high as $28 per ton. The duty of $28, which this country imposed, has therefore been equivalent to more than one hundred per cent on the foreign price. The result of this exorbitant duty was an enormous gain to the producers of steel rails in the United States. The patent for the use of the Bessemer process was owned by a comparatively small number of companies ; and these companies, aided by a HOW DUTIES WERE RAISED.
What to read after The History of the Present Tariff 1860 1883?
You can find similar books in the "Read Also" column, or choose other free books by F W Frank William Taussig to read onlineMoreLess
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