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What is a tax placed on goods from another country to protect the home industry?
protective tariff
What is the difference between a tariff and protective tariff?
A tariff is a tax on imports A protective Tariff is a tax on imports to protect an industry in your country by making the imported goods more expensive and less attractive to the consumer. A successful use of this can be seen in the history of Harley Davidson Motorcycles.
What is the tariff that southerners viewed as helping the north at the south's exspense?
Tariff of Abominations
Who liked the protective tariff?
The South did not benefit from protective tariffs because most of their goods were bought from England. Northern factory owners, however, had an increase in sales because British goods were more expensive with the tariff.
I like some time into it first Congress to pass a protective tariff to encourage the growth?
It was Alexander Hamilton who urged Congress to pass a protective tariff to encourage the growth of manufacturing. Alexander Hamilton was one of the Founding Fathers of the United States.
Why North favor high protective tariff?
the north liked it because they got more money out of it and where safer.
What is a tax placed on goods from another country to protect the home industry?
protective tariff
What statement best characterizes the view point of president Monroe?
president monroe favored a protective tariff
What was the high tariff to limit foreign competition?
A high tariff to limit foreign competition is called a protective tariff.
How might a country react to another country's protective tariff?
Sometimes a country suffering from a protective tariff will enact a tariff of its own on a product.
What was the nickname that southerns gave to a protective tariff they opposed?
Tariff of abominations
First protective tariff?
1816
The purpose of a protective tariff?
tax
Was Thomas Jefferson for the protective tariff?
No
Was Hamilton for protective tariff?
yes he was
What was High tariff to limit foreign competition?
A high tariff that limits foreign competition is a protective tariff.
What is specialization restricted by in the global economy?
Protective tariffs
