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Tariffs worked mostly (and probably only) for the Northern states.
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∙ 12y ago
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Who liked tariffs and why?
The northerners and it was because they didn't have to ship goods in.:)
Is removing all tariffs an important part of the American system?
I don't think so. Removing tariffs could lower the price of foreign goods, which would discourage domestic spending.
Why did government pass tariffs?
the government passed tariffs to raise taxes
How are the North and South different from their suggestion of tariffs?
the north and the south both had differnt veiws or belives on tariffs. The North wanted tariffs and the south did not.
Which section of the country tended to oppose tariffs the most?
the south
Which part of the country was for tariffs?
At one point, the South was initially all for tariffs. They later changed their views because economic development did not progress as planned in that area of the country.
What part of the country opposed tariffs?
The south, because they exported goods.
Who liked tariffs and why?
The northerners and it was because they didn't have to ship goods in.:)
What are the positive and negative effects of tariffs?
Tariffs, or taxes on foreign imports, can be helpful to a country's economy by blocking competition from other countries. However, often when one country places a tariff on foreign goods, the country places its own tariff on the first country. Tariffs are not appreciated by the country on which it is being placed.
What is the main purpose of tariffs on imports?
Tariffs provide revenue for the country buying the imported goods. If a country wants to export goods to a country, they have to pay a tariff(tax) to be allowed to do so. China pays very low tariffs to the US on the goods they export to us.
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.
When country's create tariffs they?
set taxes on imported goods
What is the impact on a country's economy if other countries establish new tariffs on imports from that country?
Switzerland's profits will decline because the tariffs will cause the other countries to buy chemicals internally.
Nearly every country in the world uses protective tariffs to limit or restrict their imports and exports?
These protective tariffs ensure that a country does not export too many products until it runs out of the products or resources. The tariffs also protect its citizens from unfair competition by importers.
What are the different types of tariffs?
Most Favored Nation or MFN tariffs are what countries promise to impose on imports from other members of the WTO or World Trade Organization, unless the country is part of a preferential trade agreement. This means that MFN rates are the highest that WTO members charge one another. Preferential tariffs are lower than the MFN rate.
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 the Most contributing but least liked country in the world?
What is the most contributing but least liked country in world history?
