During and after the war, for many years, any tariff that would produce enough revenue to meet current expenditures and pay the interest of the public debt, would necessarily give ample protection to domestic industries.
Sherman explains how wartime fiscal needs shaped tariff policies to protect domestic industries while generating revenue.
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We have done no wrong; we have no apologies to make, and no concessions to offer.
Resolved, That the people who constitute the supreme power in the United States, should guard with jealous care the rights of the several states, as independent governments.
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