Emergency Tariff of 1921

Emergency Tariff of 1921
Long title	An Act Imposing temporary duties upon certain agricultural products to meet present emergencies, and to provide revenue; to regulate commerce with foreign countries; to prevent dumping of foreign merchandise on the markets of the United States; to regulate the value of foreign money; and for other purposes.
Enacted by	the 67th United States Congress
Effective	May 27, 1921
Citations
Public law	Pub. L. 67–10
Statutes at Large	Sess I, ch. 14, 42 Stat. 9–19
Legislative history
	Introduced in the House as H.R. 2435 by ? on ?; Committee consideration by ?; Passed the House on April 15, 1921 (269–111); Passed the Senate on May 11, 1921 (63–28); Reported by the joint conference committee on May ?, 1921; agreed to by the Senate on May 20, 1921 (53–25) and by the House on May 23, 1921 (246–98); Signed into law by President Warren G. Harding on May 27, 1921;

The Emergency Tariff of 1921 of the United States was enacted on May 27, 1921. The Underwood Tariff, passed under the Presidency of Woodrow Wilson, had Republican leaders in the United States Congress rush to create a temporary measure to ease the plight of farmers until a better solution could be put into place. With growing unrest in the American public, President Warren G. Harding and Congress passed the tariff.

There was a high demand for American agricultural products during World War I, due to the serious disruption of European agriculture throughout the war years. In the aftermath of World War I, the European demand for American farm products declined, and the prices plummeted. Many farmers found themselves unable to meet their loan repayments. Additionally, overproduction was depressing the profitability of the agriculture industry. With falling prices, low demand, and overproduction, farmers faced a serious problem. The Emergency Tariff raised duties on most imported agricultural products, such as corn, wheat, sugar, wool, and meat.