Compromise of 1833
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This American tariff was enacted due to Southern agitation over tariff protection of Northern manufacturing in the early American industrial revolution. It reduced the profits flowing to the North. The terms stated that the tariff rates would be gradually reduced to the rates of the Tariff of 1832 (by about 10%) over 8 years. By 1842, the tariff rates would then be at the levels of 1816 (approximately 20-25% on the value of dutiable goods). It proved that the South could assert some power, and briefly held off the American Civil War.