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the tariff raised prices of prouducts causing them to have to pay more for products
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∙ 11y ago
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Who would be hurt by most tariffs?
Southern farmers, because sales of cotton would go down
Who would be hurt mostby high tariffs?
Southern farmers, because sales of cotton would go down
How do high tariffs damage an economy?
In certain situations, throughout the 19th and 20th centuries, tariffs have always been a subject of nations' economic progress. Tariffs area tax on imported products and the US government has control over tariffs. When tariffs are abused it forces consumers to pay more for imported goods. This often times helps domestic companies which because of tariffs forces people to buy from them.There was a period of time in 19th century US, where the Southern populations was forced to buy goods from Northern factories, at a higher price than would otherwise be except for these "protective" tariffs. It also was a strain on the entire economy.
What is a tariff desinged to do?
A tariff is a tax or duty on a particular item or good. In general terms, tariffs exist due to various reasons. Some tariffs are placed simply to earn money for the government. Businesses wishing to import or export goods have to pay the tariffs or else risk legal problems with that government. Other tariffs exist as a form of protectionism, which ensures that domestic industries generate profitable amounts, in terms of importing goods. Tariffs also exist with the goal of protecting consumers. A government may levy a tariff on products that it feels could endanger its population.
Why did Governor Hayne of The North higher tariffs because tariffs . The South higher tariffs because tariffs South Carolina favor states' rights?
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Why did tariffs hurt U.S citizens?
Tariffs hurt US citizens because the prices were increased and they had to pay high costs.
How did tariffs hurt farmers?
One way in which tariffs hurt farmers was by limiting their export markets. A tariff, simply defined, is a tax that is imposed on exports or imports.
Why do tariffs result in benefits for domestic producers but costs for domestic consumers?
They just do
What is the effect of an import tariffs charged on a particular good?
The price paid by consumers is increased.
Why were Southerners upset by the level of tariffs in 1828?
They depended on goods from Europe.
1 What is meant by this statement Quotas are hidden tax on consumers whereas tariffs are a more obvious one?
Tariffs are active taxes which are reflected in the price. Qoutas restrict supply consequentially which send market prices up higher
Why did business owners favor higher tariffs more than consumers?
because they were liitle cheesedicks
What group of Americans would most likely oppose the high tariffs of the late 1800's?
consumers
What are taxes on imports and exports called?
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
How did high tariffs hurt Americans?
High tariffs caused the prices for goods to be higher for the consumer. When the price of goods rise, it makes it harder for the common consumer to afford their necessities.
How did tariffs hurt many Americans?
High tariffs caused the prices for goods to be higher for the consumer. When the price of goods rise, it makes it harder for the common consumer to afford their necessities.
How did high tariffs hurt many American?
High tariffs caused the prices for goods to be higher for the consumer. When the price of goods rise, it makes it harder for the common consumer to afford their necessities.
