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Protective tariffs were considered by some to aid the American economy, but rates were especially high for bolts of cloth and for bar iron.

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9y ago
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7y ago

Prices increased by twenty-five percent.

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Q: How did the protective tariff affect the price of a bolt of cloth?
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Related questions

What tariff is designed to raise the price of imported products so that domestic goods are more competitively priced?

Protective tariff


How did the protective tariff affects the price of british goods?

Prices increased by twenty-five percent.


What does a protective tariff protect?

It protects domestic goods by increasing the price of foreign good. It helps stabilize the price. The Tawley-Smoot Tariff showed that this is a failed system if used too excessively.


What is an example of a protective tariff?

An example of a protective tariff is seen in the importation of oranges. Citrus fruit does not readily grow everywhere, and South American countries often produce massive quantities for export. If a country can produce oranges but can import them from South America cheaper than growing them domestically, a protective tariff might be applied. This tariff will inflate the price of the imported oranges so that they are equal to or higher than the price of domestic oranges. This helps domestic companies compete with international companies.


What is an example of a retaliatory tariff?

An example of a protective tariff is seen in the importation of Oranges. Citrus fruit does not readily grow everywhere, and South American countries often produce massive quantities for export. If a country can produce oranges but can import them from South America cheaper than growing them domestically, a protective tariff might be applied. This tariff will inflate the price of the imported oranges so that they are equal to or higher than the price of domestic oranges. This helps domestic companies compete with international companies.


What is the tariff type of raise money to the government?

Protective tariff. These types of tariffs are placed by the government on goods that are imported in an effort to protect the countries specific trade on that good. This tariff raises the price of an imported good so high that others will turn to the local countries good instead. ^No. Incorrect. Falso. a protective tariff is designed to protect a domestic industry (which is what the above answer talked about). A revenue tariff is used to raise money for the government


What type of tariff is used to raise money for the government?

Protective tariff. These types of tariffs are placed by the government on goods that are imported in an effort to protect the countries specific trade on that good. This tariff raises the price of an imported good so high that others will turn to the local countries good instead. ^No. Incorrect. Falso. a protective tariff is designed to protect a domestic industry (which is what the above answer talked about). A revenue tariff is used to raise money for the government


A protective tariff on manufactured goods would cause the prices of those goods to go lower or higher?

generally, the price would go higher.


Why did Southern planters object to the protective tariff of 1816?

Southern Planters apposed the tariff of 1816 because it made products more expensive. It made cheap English products around the same price as American ones to protect American manufacturing. Due to the rise in prices the South apposed this tariff because it only made losses for them due to their majority of agriculture as a method of making money.


How did tarrif affect prices of imported goods?

A tariff is a tax set on imported goods.It raises the price of said goods, in order to protect local businesses.


Is the price of a piece of cloth a function of the of the cloth?

yes because of the cloth


What is the synonym of tariff?

charge, rate, price, tax