subsidies for domestic producers
Higher profits
The price paid by consumers is increased.
Supply, demand, capital, labor--laws. Tariffs and taxes have an effect on the economy, too.
They made American goods cheaper than imported goods
it depends what tariffs and when but, i if you are referring to after the revolutionary war, then the effect was the whiskey rebellion.
feiruz
subsidies for domestic producers
Higher profits
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
Sectional arguments between the North and South
The long term effect of tariffs and other trade barriers are that eventually the prices will increase. The reason that prices increase is that the competition for that business is decreased.
One effect of high American tariffs caused foreign trade to almost stop. This had other countries angry with the US, which caused them to stop buying US goods and they raised their tariffs, which had a effect on the American economy.
Higher prices of foreign goods
The price paid by consumers is increased.
26th jan 1947....
Supply, demand, capital, labor--laws. Tariffs and taxes have an effect on the economy, too.