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High tariffs were intended to protect domestic farmers by making imported agricultural products more expensive, thereby encouraging consumers to buy locally produced goods. This protectionist measure aimed to stabilize prices for domestic crops by reducing competition from foreign imports. By securing a more favorable market for their products, farmers could potentially increase their incomes and support the overall agricultural economy. Ultimately, the goal was to foster economic resilience within the farming sector.

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2mo ago

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How were high tariffs supposed to help farmers?

By stopping competition from farmers abroad --APEX


How did bimetallism benefit farmers?

Bimetallism is the use of both silver and gold as the basis of an economy as opposed to the use of one or the other or none. This would help the farmers and the farmers highly supported it because more money would be in circulation. Therefore the prices would rise, value of money decreases so more people would have money. A high percentage of the farmers were in debt. By increasing the amount of money, the overall value of money would go down, and the farmers would have an easier time paying off their debts.


Why did farmers demand regulation of the railroads?

The farmers demanded regulation of the railroads because the railroads were abusing government land grants and taking away land from the farmers. High rates were also being changed for transportation.


In 1892 what would midwestern farmers gain most from?

In 1892, midwestern farmers would gain most from the establishment of the Populist Party, which advocated for their interests, including the regulation of railroads and the implementation of a graduated income tax. This political movement sought to address the financial struggles of farmers facing high debts and low crop prices. Additionally, the push for the free coinage of silver aimed to increase the money supply, which farmers believed would help alleviate their economic difficulties. Overall, the Populist movement represented a collective effort to improve the economic conditions for farmers in the Midwest.


How did corporations make life harder for small farmers in the 1880s?

by controlling railroads and charging high prices for shipping

Related Questions

How were high tariffs supposed to help farmers?

By stopping competition from farmers abroad --APEX


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Is market cap supposed to be high or low?

high


What factor contributed to the creation of the farmers alliance?

High prices for supplies contributed to the creation of the farmers alliance.


Where is Glee's McKinley high supposed to be?

Ohio


What is the advantage of cloning for farmers?

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What led to the farmers rebellion?

high rent charged by vanrensselaer


Was Cibola high school supposed to be a prison?

yes