0
How did high tariffs on imported goods affect the southerns economy?
Wiki User
∙ 12y ago
The tariffs protected Northern industry from cheap imports. The South had virtually no industry, and cheap imports suited them very well.
So with a Northern majority in Congress, the tariffs looked like the North taxing the South. This pulled the two sides further apart.
Una Johns
Wiki User
∙ 9y agoThe tariffs protected Northern industry from cheap imports. The South had virtually no industry, and cheap imports suited them very well.
So with a Northern majority in Congress, the tariffs looked like the North taxing the South. This pulled the two sides further apart.
Wiki User
∙ 12y agoIt was the South that needed imports, having almost no industry of its own.
So when Congress raised the tariffs, it looked like the North taxing the South.
Add your answer:
Earn +20 pts
How does the marketing affect the economy?
how does affect the all economy
How did a tariff help American manufacturers?
Ultimately, it wouldn't. The US needs to have access to Global Markets to sell its products and services. imposing tariffs on imported goods may help American manufacturers in the short term, but reprisals from the other major trading blocs (EU, China etc) would be swift. It's been tried in the past and let to the great depression of the 1930's.
How does the economy affect business?
how does economy affects business
How did the nationalization of markets affect the economy?
the economy experienced panics
How does copper affect the economy?
it does affect becuaase we are weasting money
What affect did the protective tariffs have on the American economy?
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
How did tariffs affect imported goods?
encouraged merchants to import by reducing or eliminating tariff rates.
How did tariffs affect Texas?
There are a lot of wars buddy! Which War are you talking about?
How do tariffs affect American manufacturing?
Tariffs are taxes imposed on imported goods. The intent of tariffs is to make foreign-manufactured goods more expensive, thus making domestic goods more attractive by comparison.
Do tariffs affect consumers who purchase only domestically produced products?
Tariffs only directly affect imported goods, but they will indirectly affect domestically produced products because the demand for domestically produced products will increase as the price of imported goods increases. When the demand of domestically produced products increases, the price of these products can also increase.
How did taxing imported and exported goods affect the north and south during the civil war?
Taxing imported and exported goods had different effects on the North and South during the Civil War. The North, which had a more industrialized economy, benefited from protective tariffs that helped stimulate domestic manufacturing. On the other hand, the agrarian South heavily relied on exporting its cotton, and these tariffs hurt their economy. Additionally, the Union blockade of southern ports further hindered the southern economy's ability to trade globally.
How does the marketing affect the economy?
how does affect the all economy
How do bio-fuels affect the economy?
it does not affect the economy
What would happen if the EU put tariffs on bananas?
Tariffs are forms of proctectionism or trade barriers. By imposing tariffs, it can affect the market for bananas in EU and also the country which it imports from. From my understanding, there can be many effects from the tariffs and it can be analysed from a very complicated perspective using graphs. Generally, the buyers in EU will face a higher price of imported bananas, while the sellers in EU can benefit from the tariff, as more can be sold by the domestic seller to the domestic buyer. A tariff increases the price of the imported bananas as it's a cost to the importer. A tariff imposed will also mean that there is a tax revenue from the tariff to the EU government. For exporter of bananas to EU, they experience higher cost, and unfair trade practices. Hope this helps (cheong@bgymail.gd.cn)
How did the war of 1812 affect the economy of the US?
The war of 1812 kept imported goods from reaching the us witch led to the industrial revolution,and free enterprise led to the acceptance of new technology
How did the protective tariff affect the price of a bolt of cloth?
Protective tariffs were considered by some to aid the American economy, but rates were especially high for bolts of cloth and for bar iron.
How interest rate affect the sa economy?
how interest rates affect the sa economy
