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If your asking why America made tariffs, then i think it was that America didn't want a whole lot of foreigners selling things in the U.S. and putting Americans out of their jobs. The tariffs made it so less people from other countries could impact the economy, then also the Americans would have more job opportunities.
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During the 1920s European nations retaliated against US tariff hikes by increasing their own tariffs?
Tariffs are not that high in the USA during the 1920s. European countries had high tariffs as well, definitely compared to the pre-WW1 period, but this was mostly because of problems reestablishing the gold standard
Which Republican economic medicine of the 1920s helped cause the sickness of depression during the 1930s?
increased tariffs
Increased tariffs on imported goods in the 1920s resulted in?
European inability to repay World War I loans.
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 purpose of high tariffs?
cause
During the 1920s European nations retaliated against US tariff hikes by increasing their own tariffs?
Tariffs are not that high in the USA during the 1920s. European countries had high tariffs as well, definitely compared to the pre-WW1 period, but this was mostly because of problems reestablishing the gold standard
When congress raised tariffs in the 1920s and 1930s what happened?
LULA
How did high US tariffs effect the economy during the 1920s?
Foreign countries could not afford to buy U.S. exports or repay U.S. loans.
Why were foreign countries unhappy with Americas high tariffs in the 1920s?
In the 1920s many high tariff policies were passed by Presidents Wilson Harding and Coolidge to protect American businesses. A tariff taxes products from other countries. So when America put tariffs against foreign (mostly European) countries, they were mad because they couldn't export their goods to America, hence they lost money.
What were the tariffs in the 1920s?
The implementation of tariffs greatly increased in the US during the 1920s to protect newly formed industries. The tariffs that were created during this time period include the Fordney McCumber Tariff of 1922, the Emergency Tariff Act of 1921, and the Smoot Hawley tariff.
Did Democrats want low tariffs?
No, Democrats Wanted High Tariffs, while Republicans wanted High Tariffs
Which Republican economic medicine of the 1920s helped cause the sickness of depression during the 1930s?
increased tariffs
Increased tariffs on imported goods in the 1920s resulted in?
European inability to repay World War I loans.
Representative IM Wright argues that tariffs are important for a number of reasons?
Why are tariffs needed to protect our young industries
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.
