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set taxes on imported goods
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What did the American System say about tariffs?
to create high tarrifs.
Why are tariffs preferred to quotas?
Tariffs are often preferred to quotas because they generate revenue for the government, whereas quotas do not. Tariffs create predictable costs for importers, allowing for better economic planning and price stability. Additionally, tariffs can be adjusted more easily than quotas, providing flexibility in trade policy. Overall, tariffs can encourage competition while still regulating imports, making them a more favorable tool for managing trade.
What countrys are fridges made?
CHina
What countrys participate in the Olympics?
greenland
What is the plural of the word tariff?
The plural form of the noun 'tariff' is tariffs.
What happened to tariffs during McKinleys presidency?
the tariffs increased:]
What did Bill Clinton introduce that would affect the precious metal jewelry industry?
This included Immediate Tariff Cuts, which would phase out tariffs in eight areas including the jewelry industry. Dropping these tariffs would create new opportunities for growth.
Northern and southern Farmer's Alliance had different views on?
protective tariffs - apex
Why did Governor Hayne of The North higher tariffs because tariffs . The South higher tariffs because tariffs South Carolina favor states' rights?
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Which best describes the stance of most northern states on protective tariffs leading up to the civil war?
Most northern states supported protective tariffs leading up to the Civil War, as these tariffs benefited their industrial economy by protecting local manufacturers from foreign competition. Northern industrialists argued that such tariffs would promote domestic production and create jobs. In contrast, southern states, reliant on agriculture and imports, opposed these tariffs, viewing them as detrimental to their economy. This economic divide contributed to rising tensions between the North and South.
Did Democrats want low tariffs?
No, Democrats Wanted High Tariffs, while Republicans wanted High Tariffs
How did the Panic of 1819 create conflict between members of the democratic Republican party?
Northern industrialist wanted high tariffs: southern plantation did not. Apex
