Inelastic proton scattering experiments were performed at the Research Center for Nuclear Physics, Osaka, with a 295 MeV beam covering laboratory angles 0{deg}-6{deg} and excitation energies 6-22 MeV. Cross sections due to E1 and M1 excitations were extracted with a multipole decomposition analysis and then converted to reduced transition probabilities with the virtual photon method for E1 and the unit cross section method for M1 excitations, respectively. Including a theory-aided correction for the high excitation energy region not covered experimentally, the electric dipole polarizability was determined from the E1 strength distributions. Total photoabsorption cross sections derived from the E1 and M1 strength distributions show significant differences compared to those from previous ($gamma$,xn) experiments in the energy region of the isocvector giant dipole resonance (IVGDR). The widths of the IVGDR deduced from the present data with a Lorentz parameterization show an approximately constant value of about 4.5 MeV in contrast to the large variations between isotopes observed in previous work. The IVGDR centroid energies are in good correspondence to expectations from systematics of their mass dependence. Furthermore, a study of the dependence of the IVGDR energies on bulk matter properties is presented. The E1 strengths below neutron threshold show fair agreement with results from ($gamma$,$gamma$) experiments on 112,116,120,124Sn in the energy region between 6 and 7 MeV. At higher excitation energies large differences are observed pointing to a different nature of the excited states with small ground state branching ratios. The isovector spin-M1 strengths exhibit a broad distribution between 6 and 12 MeV in all studied nuclei.
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