0
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.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What was a key element of the American system?
protective tariffs
What protected American industry from foreign competition?
Tariffs
What were the key elements of the American system?
protective tariffs.
Wilson favored a reduction of tariffs because he belived lowered tariffs would?
Make American industry more efficient.
Wilson favored a reduction of tariffs because he believed lowered tariffs would?
make American industry more efficient.
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.
What were protective tariffs in the American System?
Tax on imported goods from foreign countries to protect manufacturing.
Why tariffs were good for the north?
It was because tariffs encouraged people to buy American products meaning it kept factories/companies in business. FYI: The North's economy relied on manufacturing(factories).
Why did middle states like New York and Pennsylvania like tariffs?
Because the tariffs on imports protected their own manufacturing industries. The Southern states, having no manufacturing industry, regarded the tariffs as a tax on the South.
What was henry clay's ambitious nationalistic proposal for tariffs internal improvements and expanded manufacturing?
It is referred to as "the American System" (compare to the Continental System).
Most tariffs in the 19th century were intended to?
Most tariffs in the 19th century were intended to raise revenue and protect domestic manufacturing
How did Henry clay propose to finance the new building of roads and canals?
The American System. Also proposed national plans for tariffs, and expanded manufacturing.
How did manufacturing and tariffs change after the War of 1812?
Economic unity Economic unity
What did Republicans believe about high tariffs?
Tariffs allowed American industries to grow.
What encouraged American to buy American-made goods?
Lack of tariffs on the american products. tariffs are taxes essentially on foriegn goods. this makes american goods cost less
What were the northern views on tariffs?
The South, being primarily agricultural, opposed tariffs, because, unable to manufacture the goods they needed, had to import them from Europe or buy them from the North. In the view of the South, tariffs made everything more expensive, and thought that there was unequal distribution of the money derived from the imposition of the tariff. The North favored the tariff, believing it protected domestic industries from unfair foreign competition.
What did Chester A Arthur use?
He never ran for president. He was vice president put into office as president when Garfield was assassinated.
