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Taxation
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∙ 13y ago
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What was the purpose of a protective tariff?
A protective tariff is a fee that is added to items that imported from other countries. The purpose is to make imported goods more expensive so that people will buy goods made in their own country. For example, if the goverment wanted me to buy American made T shirts instead of Chinese made, they could charge a fee of $10 per Chinese t shirt.
What effect did protective tariffs have on American economy?
They made American goods cheaper than imported goods
What effect did protective tariffs on the American economy?
They made American goods cheaper than imported goods
Why have imported goods gone up in price?
Imported goods have gone up in price because the devolping countries that are supplying customers are in more need for money in this economical crisis. Their living has now become completely subsistent, so now they rely on the profits of their exports to help the government. Overpopulation has increased the need for money, so resources, so the exported goods have ben made more expensive, so that the developing countries can create a profit, in order to keep their country afloat. Rory Grant, age 13
What is a protective tarrif?
Well a tariff is a tax on imported or foreign goods. example a tax on imported nuggets (danks) coming from say Mexico, or Amsterdam will be taxed by your local dealer say 60$-75$ a sack but American nuggets run about 50$ no higher for a doob-sack (optimo blunts haha)A tariff may be either tax on imports orexports (trade tariff), or a list or schedule of prices for such things as rail service, bus routes, and electrical usage (electrical tariff, etc.).The word comes from the Italian wordtariffa "list of prices, book of rates," which is derived from the Arabic ta'rif "to notify or announce."
Why were merchants in the east in favor of a tariff of a tariff on imported manufactured goods?
It increased the demand for American goods because the tariff made the imported goods more expensive.
Did high tariffs hurt or help the American economy in the late 1800s?
American-made goods were less expensive than similar imported goods.
How did protective tariffs benefit American manufacturers in the early 1800s?
American-made goods were less expensive than similar imported goods.
How did the tariff in 1828 affect people in the south?
People in the south imported goods from Europe a lot. The tarrrif made it more expensive to import goods from out of the country.
Why was the north in favor of a high protective tariff?
1- They made imported goods more expensive than American-made goods. 2- The northeast had most of the nation's manufacturing. 3- American manufacturers sell their products at a lower price than imported goods.
Tariffs lower the price of foreign goods so the same kind of goods are produced at home are more expensive?
Tariffs are often used by governments to control the prices of imported goods. They are normally imposed to make products made at home less expensive and thus support domestic manufacturing.
Tariffs lower the price of foreign goods so the same kind of goods produced at home are more expensive?
Tariffs are often used by governments to control the prices of imported goods. They are normally imposed to make products made at home less expensive and thus support domestic manufacturing.
How did the economy effect Americans?
They made American goods cheaper than imported goods
What effect did protective have on American economy?
They made American goods cheaper than imported goods
What was the purpose of a protective tariff?
A protective tariff is a fee that is added to items that imported from other countries. The purpose is to make imported goods more expensive so that people will buy goods made in their own country. For example, if the goverment wanted me to buy American made T shirts instead of Chinese made, they could charge a fee of $10 per Chinese t shirt.
What effect did protective tariffs have on the American economy?
They made American goods cheaper than imported goods
What effect did protective tariffs on the American economy?
They made American goods cheaper than imported goods
