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What were the reasons why Hamilton wanted place tariffs on foreign goods?
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What tariffs encourage democrats foreign trade while republicans wanted what tariffs to ensure domestic industrial expansion?
Low,High
Why did north and the south have different positions on higher tariffs?
North had factories that made goods- they wanted higher tariffs on imports to protect their businesses from competition. The South wanted to be able to buy from the North OR from foreign markets, and wanted lower tariffs (lower prices for them to pay)
Why did the North wanted Tariffs and the South did not?
The North wanted to proetct its industry against foreign imports. The South only had cotton, and needed all kinds of imports. So the Tariffs were seen as a tax by the North on the South.
Hamilton wanted to assume the states debt from the Revolution What is the Reasons?
To unify the country
Did Democrats want low tariffs?
No, Democrats Wanted High Tariffs, while Republicans wanted High Tariffs
Why did Hamilton want new tariffs?
Hamilton wanted new tariffs in order to protect and promote American industries. He believed that imposing tariffs on imported goods would make American-made products more price-competitive and encourage domestic manufacturing. Additionally, tariffs would also generate revenue for the government, which could be used to pay off the national debt and fund other essential government functions.
What did Hamilton want?
Alexander Hamilton wanted to establish government credit and a national bank to assure the United State's financial and industrial ascendancy. He took steps to protect American companies from foreign competition by putting tariffs in place on imported goods. He believed there was a need for the government to move beyond the confines of the Constitution in order for the country to succeed.
How did the issue of tariffs divide the country?
Tariffs divided the country since the founding of the United States of America. Northern states had factories which wanted protection from foreign goods. Southern states had cotton and tobacco that they wanted to sell to Europe which paid them higher prices.
Why did northerners support tariffs?
The north supported tariffs because it protected their industries and factories. Since the economy of the north was based off of their type of production, they wanted people to buy goods from them, not foreign markets.
What do you think was the goal of U.S tariffs?
To protect manufacturing industry from cheap foreign imports. Industry was mostly in the North. The South wanted cheap imports. So the tariffs looked like the North taxing the South.
Who wanted tariffs?
England
What did the north and south want in terms of foreign trade control by congress?
The North wanted tariffs on imports, to protect its manufacturing industry. The South had virtually no manufacturing industry, so it wanted cheap imports.
