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The Fordney-McCumber Tariff of 1922 was a law in the United States that created a Tariff Commission to raise or lower rates by 50%. This was a post-World War I Republican defense against expected Europeans exports. Retaliatory tariffs sprang up.
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What affect did the Fordney-McCumber Tariff have on Europe?
The Fordney-McCumber Tariff Act of 1922 made it difficult for Europe to do business with the United States. This Tariff Act placed a power on the President of the United States to raise tariff rates by up to 50%.
Who adopted the fordney-McCumber tariff to protect business?
united states
Tariff that raised tax on imports to 60 percent?
Fordney Mccumber
Which president was part of the fordney mccumber tariff?
The Fordney-McCumber Tariff was enacted during the presidency of Warren G. Harding in 1922. This tariff raised duties on imports to protect American industry and agriculture following World War I. It was named after Congressman Joseph Fordney and Senator Porter H. McCumber, who were instrumental in its passage. The tariff is often associated with the economic policies of the 1920s that aimed to promote domestic production.
Why was the fordney-mccumber tariff act introduced?
The Fordney-McCumber Tariff was where they raised the cost of foreign farm products so Americans would be more likely to buy farm products from farmers in the U.S who were suffering after the great depression.
What was Fordney-McCumber tariff?
The Fordney-McCumber Tariff of 1922 was a law in the United States that created a Tariff Commission to raise or lower rates by 50%. This was a post-World War I Republican defense against expected Europeans exports. Retaliatory tariffs sprang up.
What were the effects of the Fordney-McCumber Tariff?
Europe decided that they would put a tariff on all us products sold there
Who adopted the Fordney-McCumber Tariff to protect business in from foreign competition?
united states
What marked the return to the old republican policy of high protective tariffs?
Fordney-McCumber Tariff.
What tariff raised taxes in the 1920s?
The Fordney-McCumber Tariff of 1922 protected US agriculture and other industries from foreign competition.
What was the Fordney-McCumber Tariff?
The Fordney-McCumber Tariff of 1922 was a law in the United States that created a Tariff Commission to raise or lower rates by 50%. This was a post-World War I Republican defense against expected Europeans exports. Retaliatory tariffs sprang up.
Why did the Fordney-McCumber Tariff affect other countries?
This trariff proctected American business from foreigh competion..I think :)
