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How did hamilton plan to protect US merchants?
Hamilton planned to protect the US merchants by imposing high tariffs on imported goods. This in turned would cause Americans to buy goods made in the US.
Should the United States have entered world war 2 before the bombing of pearl harbor in 1941 Isolationist vs Interventionist?
NO. Because US Public Support (before Pearl Harbor) was not sufficient to wage this expensive, brutal & horrific war. The Japanese attacks changed US public opinion. The US was also waging a justified (they attacked us first) war .
What percent of the nations industrial goods were manufactured in the South of the US?
The Antebellum South manufactured only 10% of the nation's goods
Which region of the US favored tariffs?
The South was against it. The tariff was aimed at protecting northern manufacturing. The South traded agricultural products like cotton for manufactured goods which the tariff made more expensive.
What is the most expensive baseball team in the US?
New York Yankees
How are branded goods more expensive than non-branded goods?
Advertising. They make us all think that the brand names are good and the "generic" isnt. I think it is that simple. Of course that is my opinion.
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.
How did the railroads and canals help the US grow?
Railroads and canals helped the United States grow by increasing the transportation of goods. Before canals and railroads, goods were moved by shipping with the flow of rivers or by horseback. Canals and railroads also allowed goods to be carried faster and in larger quantities then before.
What percentage of goods from the US imported from china?
40% of goods are imported from China to US
What would an appreciating US dollar compared to the Euro do to US imports exports and GDP?
an appreciating US dollar relative to foreign currencies provides that more units of foreign currency will be needed to buy one USD. As a result US exports become more expensive to countries using alternative currencies, which reduces demand for US exports. On the other hand the USD will now buy more units of foreign currency, making goods denominated on those currencies less expensive on a relative basis. The enhanced ability of the USD to purchase goods denominated in foreign currencies increases the demand of foreign goods and increases imports to the US. Ultimately GDP will decline in an atmosphere of an appreciating USD.
Does it cost less or more to buy locally bought goods?
That depends on where you are and what you are buying. mass production in countries that underpay their workers leads us into situations where people in wealthier countries find that the cost of local goods of similar quality are far more expensive.
What goods does Spain trade with the US?
some goods are guitars
How did the US promote the growth of American Industry?
By imposing a tariff (a tax) on imported goods. This was to make imported items more expensive than domestically produced ones. A high tariff was popular in the north, as protecting American jobs and making northern manufacturers wealthy. It was bitterly resented in the south. The south traded a lot with Europe, particularly France and England. Cotton was shipped directly from plantation docks to brokers in Europe, who sold the cotton on behalf of the planters, and then used the money to fill orders for goods, then shipped the goods back to the south. A high tariff made these items more expensive. The quality of European goods was often superior to the American equivalent, and they were often cheaper, before the tariff was added. There were no good trade routes between the north and the south of the US. Before the Civil War most of the revenue the US government received came from southern payments of the tariff. Resentment over a new higher tariff provoked the Nullification Crisis during Andrew Jackson's first term.
Why some country overvalued or undervalued their currency?
Under-valuation or Overvaluation of currency could be with respect to goods and services Taking for instance US, over valued US dollars would mean that buying goods and services in the US will be more expensive when compared to what the same dollar amount would fetch for goods and services in China (where currency is undervalued). A tourist would have more bargain for his bucks shopping in China than in the US. Also, the effect of this is that cost of production in the US would be high and manufacturers would only make little profits from exports/sale of its goods and services. Conversely, in China, the undervaluation of their currency allows for cheap production of goods and expansion of their export market.
Is it expensive to buy stuff in Mexico?
For the average Mexican, yes it is. It is rated as one of the most expensive cities to live in Mexico.
Who did the us export most of its goods to?
The top three countries that the US exports its goods to are Canada, Mexico, and China.
Do tariffs encourage Americans to buy US made products?
Yes because a tariff is a tax applied to foreign products which makes them more expensive to buy. If the tariff is high enough, it will be more expensive for the consumer to purchase even if it was cheaper to produce than the US made product.
