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Which of the following explains why farmers in the early US benefited when there were no protective tariffs?
Farmers could buy goods from overseas for lower prices.
Why did the US put tariffs on forgein goods?
Throughout US history and also on a world wide basis, tariffs are used most often to protect homeland industries from foreign competition. The US did this allot and in the antebellum days, tariffs were used to protect the US's manufacturing revolution safe by imposing tariffs on imported goods.
Why did big businesses support high tariffs?
Big business support tariffs because they want to limit competition. If it is expensive for foreign companies to sell goods in the US, businesses in the US can control the market.
Summsrize the arguments for and against protective tariffs?
One positive thing about protective tariffs is that they protect jobs associated with manufacturing and distributing domestic goods and services. They are also beneficial to fledging companies who cannot compete with established foreign enterprises. One argument against the tariffs is that is artificially increases prices. Another argument is that it can lead to targeted countries imposing their own tariffs.
What impact did John D Rockefeller have on the US?
it was a negative impact
