yes, because all the south wanted slavery and the north didnt. -sydney
Alexander Hamilton favored protective tariffs because it was an essential part of his financial plan. By protecting America's infant domestic economy, he won the favor of the wealthy classes (merchants and manufacturers).
Alexander Hamilton was Secretary of Treasury when the first tariff was proposed and passed. Hamilton argued that it was very important for the new US government to have steady sources of revenue in order to pay its bills and establish good credit with other nations. Tariffs were easily collected and not an obvious tax to most people. The idea of protecting fledgling US industries was not a major reason for the first tariffs but may have had some benefit.
special duty ad velorem duty compound duty
The slave states hated the tariffs more than other states because slaves could have tariffs on their lives. A slave that originally sold for 100 gold would sell for up to 150 with the tax.
One effect of high American tariffs caused foreign trade to almost stop. This had other countries angry with the US, which caused them to stop buying US goods and they raised their tariffs, which had a effect on the American economy.
yes, because all the south wanted slavery and the north didnt. -sydney
yes, because all the south wanted slavery and the north didnt. -sydney
gay
yes, because all the south wanted slavery and the north didnt. -sydney
Alexander Hamilton favored protective tariffs because it was an essential part of his financial plan. By protecting America's infant domestic economy, he won the favor of the wealthy classes (merchants and manufacturers).
They accepted them and added other tariffs to nonfarm goods
Alexander Hamilton was Secretary of Treasury when the first tariff was proposed and passed. Hamilton argued that it was very important for the new US government to have steady sources of revenue in order to pay its bills and establish good credit with other nations. Tariffs were easily collected and not an obvious tax to most people. The idea of protecting fledgling US industries was not a major reason for the first tariffs but may have had some benefit.
special duty ad velorem duty compound duty
Globalization
Switzerland's profits will decline because the tariffs will cause the other countries to buy chemicals internally.
Tariffs and other trade barriers are economically harmful when they save some jobs because the higher prices forced upon the people by the tariffs ultimately will cost more jobs than they save.
They are limiting the use of tariffs and quotas on each other's businesses.