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What was the purpose of the general agreement on tariffs and trade?
to expand world trade by reducing tariffs
Why do high tariffs restrict international trade?
Tariffs are fees excised on goods coming into a country. As a result, traded goods cost more when there are high tariffs, and this limits their sale.
Who favored high tariffs?
Usually politicians talking about "Buying American" or domestic producers who are not as efficient at producing their good as international companies favored high tariffs.
What does not promote increased international trade and economic growth A high tariffs B industrialization C technological improvements D trade liberalization?
high tariffs
Best explains the purpose of protectionist trade policies such as tariffs and subsidies?
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Did Democrats want low tariffs?
No, Democrats Wanted High Tariffs, while Republicans wanted High Tariffs
What is the purpose of a Tariffs?
to increase the prices'
What was the purpose of the general agreement on tariffs and trade?
to expand world trade by reducing tariffs
How did the reformers differ from the republicans on the issue of high tariffs?
The republicans supported higher tariffs while the reformers within the GOP supported lower tariffs. Reformers believed that high tariffs actually helped trusts.
How did reformers differ from the republicans on the issue of high tariffs?
The republicans supported higher tariffs while the reformers within the GOP supported lower tariffs. Reformers believed that high tariffs actually helped trusts.
What did Republicans believe about high tariffs?
Tariffs allowed American industries to grow.
Why do high tariffs restrict international trade?
Tariffs are fees excised on goods coming into a country. As a result, traded goods cost more when there are high tariffs, and this limits their sale.
What is the cause of high tariffs?
High tariffs are usually applied as a means to protect local industries.
What was the purpose of Henry Clay American System?
To call for high tariffs to protect industry, as well as federal spending on transportation projects like roads and canals.
What did clay believe would result from high tariffs?
clay believe that high tariffs helped all regions of the country , not just the north
What is a positive of high tariffs?
Higher profits
What occurred when tariffs were high on Hawaiian exports in the 1890s?
The high tariffs in Hawaii caused by the McKinley Tariff of 1890 led to the overthrow of Queen Liliʻuokalani.
