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A: He most likely wanted money to pay off a few debts for the state, or his own personal situations, which would probably be something with congress, etc.
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Did Thomas Jefferson and James Madison support raising tariffs to protect American industry from foreign competition?
Yes they did.
Thomas Jefferson and James Madison supported raising tariffs to protect American industry from foreign competition.?
true
What policies did Coolidge favor to support economic growth?
Coolidge was a supporter of laissez-faire free market capitalism and was an economic nationalist (following the tradition of conservatives during the 19th century). He supported high tariffs to protect American businesses from foreign competition, massive tax cuts and greatly reducing spending. As well as tight monetary policy and low inflation.
Why did big businesses support high tariffs?
Big business support tariffs because they want to limit competition. If it is expensive for foreign companies to sell goods in the US, businesses in the US can control the market.
Tariffs lower the price of foreign goods?
No, the opposite is true. Tariffs raise the price of foreign goods compared to domestic goods. Because of this, tariffs reduce imports.
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 policies did Calvin Coolidge favor to support economic growth?
Coolidge believed in trimming the budget, reducing the national debt, and lowering taxes.
Did New Hampshire tried to nullify laws raising tariffs?
no
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.
Why did big business support high?
Big business support tariffs because they want to limit competition. If it is expensive for foreign companies to sell goods in the US, businesses in the US can control the market.
What protected American industry from foreign competition?
Tariffs
What did Cleveland's position on tariffs and what did he do to support that stand?
what was cleveland position on tariffs and what did he do to promote this poistion
