How much is spent on the type of whiskey that 1792 Whiskey is in the United States?
Bourbon whiskey Bourbon whiskey is a type of American whiskey, a barrel-aged distilled spirit made primarily from corn. The name is derived from the French Bourbon dynasty, although it is unclear precisely what inspired the whiskey's name (contenders include Bourbon County in Kentucky and Bourbon Street in New Orleans). Bourbon has been distilled since the 18th century. The use of the term "bourbon" for the whiskey has been traced to the 1820s, and the term began to be used consistently in Kentucky in the 1870s. While bourbon may be made anywhere in the United States, it is strongly associated with the American South, and with Kentucky in particular. As of 2014, the distillers' wholesale market revenue for bourbon sold within the U.S. is about $2.7 billion, and bourbon makes up about two-thirds of the $1.6 billion of U.S. exports of distilled spirits.
Tariff of 1790 In 1789, Alexander Hamilton, the Secretary of the Treasury, calculated that the United States required $3 million a year for operating expenses as well as enough revenue to repay the estimated $75 million in foreign and domestic debt. Under the rates established by the Tariff of 1789, the government could not meet its obligations. Consequently, Hamilton proposed an increase in the average rate from 5 percent to between 7 and 10 percent, the addition of numerous items to the list, and the passage of an excise tax. Congress refused to pass the excise tax, but James Madison successfully steered the tariff increases through the legislature.