Tariff of 1833
The Tariff of 1833, also known as the Compromise Tariff, was proposed by Henry Clay and John C. Calhoun as a resolution to the Nullification Crisis.
It was adopted to gradually reduce the rates after southerners objected to the protectionism found in the Tariff of 1832 and Tariff of Abominations, causing South Carolina to threaten secession.
This Act stipulated that import taxes would gradually be cut over the next decade until they matched the levels set in 1816 - an average of 20% - in 1842. The compromise reductions lasted only two months in their final stage before protectionism was reinstated by the Black Tariff of 1842.