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What was the high tariff to limit foreign competition?
A high tariff to limit foreign competition is called a protective tariff.
What was High tariff to limit foreign competition?
A high tariff that limits foreign competition is a protective tariff.
High tariff to limit foreign competition?
A high protective tariff can limit foreign competition.
What did the North favor that the South did not just before the Civil War that would protect them from foreign competition?
A high tariff on imports
Where did Benjamin Harrison stand on the tariff issue?
Harrison favored a strong protective tariff. Cleveland wanted to reduce the tariff somewhat.
What kind of tariffs did the North support?
high tariff
What did the Whigs advocate?
The Whig pary advocated a loose interpretation of the Constitution and high protective tariff.
What marked the return to the old republican policy of high protective tariffs?
Fordney-McCumber Tariff.
What are types of tariff with an example of its use?
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
How did the protective tariff laws of 1816 raise the issue of states' rights?
Well, the Tariff created controversy based on state to state. 420 baked high as a kite.
What is the purpose of protective tariff?
The purpose of a protective tariff. First of all, what is a protective tariff? It is a tax on imported goods (or goods that come into the country).So, a protective tariff would be one that protects the country from foreign competition. For example, the tariff of 1828. Northern prices were getting too high for the South to be able to pay, so instead the South bought its goods from other countries(England mainly). The Northern ecconomy was hurt because of this so Northern senators chose to place a tariff on all imported goods from foreign countries, thus protecting their industries.
How did the high tariff benefit the north?
Because they did not like it and didn't think it was fair.
