The Tariff on Wool

The Tariff on Wool

The Tariff on Wool

The Tariff on Wool

Excerpt

Wool has been the subject of more protracted and bitter controversy than any other commodity which has been given tariff protection in the United States. There are, several reasons why it has been the "bloody angle" of the tariff battles. It is an article of common use, the raw material for one of the largest manufacturing industries. Also, it has been for many years imported in large quantities because the domestic supply has not been great enough for our needs. These facts in themselves might suffice to make it important, but in addition the wool schedule of the tariff has occupied a conspicuous place ever since the Civil War as a typical instance of adjustment between the duty on a raw material and that on the products made from it. It has furnished, therefore, many a bone of contention between wool growers and manufacturers as well as between both groups of producers and the consuming public. It deserves additional attention at present because changes have recently been taking place in the methods of sheep husbandry and in the conditions under which it operates. Moreover, the increase in the rate of duty on wool in the Tariff Act of 1922 makes it an especially noteworthy subject.

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