Fordney-McCumber+Act

﻿Fordney-McCumber Act
From the Student Workbook, Wikipedia

The **Fordney-McCumber Act** was created in 1922 and it was a **tariff bill** put in place by the United States of America to promote their isolationism. After World War I the U.S.A was in a superior economic position with New York becoming the new London in terms of the world's financial centre.


 * Tariffs** are taxes collected on incoming goods. Along with the Fordney-McCumber Act (1922) the United States also created the **Smoot-Hawley Tarriff Bill** in 1930.

Background

 * Joseph W. Fordney** (November 5, 1853 – January 8, 1932) was born in Indiana and later in his life became a politician in Michigan. He was part of the U.S Congress for eleven years and he co-founded the Fordney-McCumber Act with **Porter McCumber**. He was chair of the **House of Ways and Means Committee** for six terms before becoming the Chairman of the Committee in 1919. Before and after getting involved in politics, Fordney was part of the lumber business in Saginaw, Michigan. After his death in 1932 he was buried in the St. Andrew Cemetary in Michigan where he is buried beside his wife Catherine.


 * Porter J. McCumber** (February 3, 1858 – May 18, 1933) was born in Illinois, but moved to Minnesota. He graduated from the University of Michigan in the department of law in 1880. Over the years he was a member of the **Territorial House of Representatives,** a member of the **Territorial Senate,** he served as a **Republican** in the U.S Senate where he was the **Chairman of Manufactures** and part of the **Committee of Pension.** His greatest accomplishment was the Fordney-McCumber Tariff Act.]

Chelsea Birtch (267)