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Was enacted in 1930. This treaty raised tariffs on many imported goods. Many American trading partners retaliated in response to this tariff. It might have even worsened the Great Depression. It reduced international trade.
Curtis Strite
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When Congress passed the SmootHawley tariff to help alleviate conditions of the Great Depression why was it actually the wrong thing to do?
The Tariff Act of 1930 raised tariff fees on imported goods to a historical high. Meant to help US business at a fragile time, it actually worsened the situation by reducing US imports and exports to nearly half. This overall this contributed to a longer and deeper depression.
The Tariff of 1828 was known throughout the South as the tariff of?
Abomination.
How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?
Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?"
What was the high tariff to limit foreign competition?
A high tariff to limit foreign competition is called a protective tariff.
What is the full form of tariff?
TARIFF
What is a tax placed on goods from another country to protect the home industry?
protective tariff
Scornful southern term for the high tariff of 1828?
Tariff of Abominations
What are types of tariff with an example of its use?
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
He signed the highest tariff in us history?
Yes, he did.
What is the tariff that southerners viewed as helping the north at the south's exspense?
Tariff of Abominations
The word tariff in a sentence?
A tariff is an import or export tax. We had to pay a tariff when we crossed the border with our purchases.
What was High tariff to limit foreign competition?
A high tariff that limits foreign competition is a protective tariff.
