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%.
The tariff of 1816 was the first â and last â protective tariff that received significant Southern support during the âthirty-year tariff warâ from 1816 to 1846.he tariff of 1816 supplied comfortable federal surpluses from 1817 to 1819; even with the scheduled reduction in duty rates for 1819, the tariff was expected to provide sufficient revenue. The Panic of 1819 caused an alarming, but temporary drop in the projected federal revenue for 1820.