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∙ 8y ago
Why were southerners opposed to tariffs on imported goods?
the tariff helped only the north while reducing European interest in the exports that the south and west relied on.
Did Democrats want low tariffs?
No, Democrats Wanted High Tariffs, while Republicans wanted High Tariffs
How did Southern States feel about Tariffs before the civil war?
They hated tariffs. All they were making was cotton. Tariffs increased the cost of imports.
What did tariffs do before the civil war?
Tariffs brought in money for the Union and the Confederacy.
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.
What is the purpose of a Tariffs?
to increase the prices'
What tariffs were designed to provide income for the federal government?
revenue
When did tariffs increase sectionalism?
During the Nullification Crisis
Why do protecting tariffs lead to reduced international trade?
Protective tariffs increase the price of goods and limit the sale of those goods.
What was one long-term effect of high U.S. tariffs?
The long term effect of tariffs and other trade barriers are that eventually the prices will increase. The reason that prices increase is that the competition for that business is decreased.
Which reason motivated industrialists in northern states to favor tariffs during the early 1800?
Your vagina
Why did reducing tariffs lead to an increase in trade?
Free trade leads to lower prices and greater sales.
How did the northeast and west and south feel about the government spending money on transportation improvements?
The Northeast and West wanted the government to spend money on transportation to help transport goods. Southerners opposed this because the money to pay for the improvements would come from tariffs, and southerners did not want an increase in tariffs.
Why did industrialist favor protective tariffs?
It would increase the demand for American manufactured goods. Tariffs would also increase the money generated by the sale of those goods.
What is GATT?
General Agreement On Tariffs And Trade; to increase international cooperation for economic growth.
What policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
What mercantilist policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
