If an amendment provides for an exchange, reclassification, or cancellation of issued shares, provisions for implementing the amendment if not contained in the amendment itself: (if not applicable, indicate N/A)
Enacted on July 14, 1832, this was referred to as a protectionist tariff in the United States. The purpose of this tariff was to act as remedy for the conflict created by the Tariff of 1828.s compared to the hype created about the protective Tariff of 1832, it proved to be a far cry from fulfilling the demands of the south. Its predecessor pushed the duties on citizens which were as high as 45 percent on the value of specific manufactured goods, while 1832 act brought it down to 35%.
Tariff of 1828 a protective tariff passed by the U.S. Congress that came to be known as the Tariff of Abominations to its Southern detractors because of the effects it had on the Antebellum Southern economy; it was the highest tariff in U.S. peacetime and its goal was to protect industry in the northern United States from competing European goods by increasing the prices of European products.