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How did the tariff policy of the US affected foreign trade during the 1920s and 1930s?
Wiki User
∙ 11y ago
I want you to think about the question. Let's take it apart. A tariff is levied on products coming INTO a country. It is done to protect industry from foreign goods being cheaper than homemade products. Now, let's look at the second part. Taxes is money people pay to support the government. When taxes are low people have more money to use and that means the the fellow who owns the widget factory can sell more widgets. He also can earn a profit because foreign widgets aren't undercutting him through a price war. Now, that you have this I want you to answer the question.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agoForeign countries could not afford to buy U.S. exports or repay U.S. loans.
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What is the policy of protecting domestic industries from foreign competition by placing tariff on imports?
protectionism
What is the policy that deals with a country's economic relations with foreign countries and comprises trade policy and exchange rate policy?
Tariff And Import Quota
What is the Yankee Tariff of Abomination?
A tariff that wasn't even meant to pass congress. It stipulated a ridiculously high import tariff, and the foreign economic response mainly affected the Southern States.
What was the high tariff to limit foreign competition?
A high tariff to limit foreign competition is called a protective tariff.
What was High tariff to limit foreign competition?
A high tariff that limits foreign competition is a protective tariff.
What is 3 of Woodrow Wilson's foreign affairs?
The Underwood Tariff, The Fourteen Points, and different policies during WWI that included the United States.
High tariff to limit foreign competition?
A high protective tariff can limit foreign competition.
What is two economic issues that were important to politics during the guided age?
The tariff and the monetary policy
What is an example of a protectionist trade policy?
An example is a protectionist trade policy would be a tariff on imports, or quotas on the volume of imports.
What tariff passed in 1930 destroyed all foreign trade?
Smoot-Hawley Tariff
What has the author Donald Chrisler written?
Donald Chrisler has written: 'Preferential trade arrangements of foreign countries' -- subject(s): Commercial policy, Produce trade, Tariff
What has the author Thomas O Bayard written?
Thomas O. Bayard has written: 'Trade and employment effects of tariff reductions agreed to in the MTN' -- subject(s): Foreign trade and employment, Tariff 'Reciprocity and retaliation in U.S. trade policy' -- subject(s): Commercial policy, Competition, Unfair, Reciprocity, Unfair Competition
