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Although die-hard "lost cause" modern confederates don't like it, Lincoln was a moderate on tariffs until the War required higher tariffs to finance it. Lincoln was originally a Whig and a Midwesterner where moderate tariffs were the accepted view. The fact that everyone knows Lincoln's views on slavery but almost no one correctly knows his views on tariffs helps to demonstrate that the Civil War was not about tariffs.
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What is a tax placed on goods from another country to protect the home industry?
protective tariff
What was the high tariff to limit foreign competition?
A high tariff to limit foreign competition is called a protective tariff.
How might a country react to another country's protective tariff?
Sometimes a country suffering from a protective tariff will enact a tariff of its own on a product.
What was the nickname that southerns gave to a protective tariff they opposed?
Tariff of abominations
What is specialization restricted by in the global economy?
Protective tariffs
First protective tariff?
1816
The purpose of a protective tariff?
tax
Was Thomas Jefferson for the protective tariff?
No
Was Hamilton for protective tariff?
yes he was
What was High tariff to limit foreign competition?
A high tariff that limits foreign competition is a protective tariff.
What is the protective tariff of 1816?
The protective Tariff of 1816 is also known as the Dallas Tariff. It is noteworthy because it marks the first time that congress passed a tariff to protect American manufacturers instead of just to raise money.
What is intended to protect domestic industry?
PROTECTIVE tariff
