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Protective tariffs meant American goods were taxed less than imported goods.

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10y ago

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What do you protective Tariffs mean in American industry?

Protective tariffs are taxes imposed by the U.S. government on imported goods to encourage domestic production by making foreign products more expensive. This policy aims to protect American industries from foreign competition, support local jobs, and promote economic growth. However, while protective tariffs can benefit certain sectors, they may also lead to higher prices for consumers and potential retaliation from trade partners. Overall, they play a significant role in shaping trade policies and economic strategies in American industry.


What did protective tarrifs mean to American industries?

If you are referring to the tariff wall, that Ronald Reagan put on it helped because back in that time we still had industry in America that could produce the same goods as other countries. Sadly, we cannot do that anymore.


What does the term American system mean?

Coined by Henry Clay, it is a program for economic development in the 19th century. It was basically a plan to improve the United States as a whole that included internal improvements (this meant states' improvements), protective tariffs and a national bank. Many Americans were not an advocate of this since the protective tariffs restricted our trade, internal improvements only improves states and not the US as a whole, and the national bank would lead to a central authority. However, the Americans needed this system, as during the presidency of Andrew Jackson, a non-supporter for the American System that refused to have anything to do with it, refused to do internal affairs, lowered tariffs, and dissolved the National Bank, sending the US economy into a tailspin.


What does the American System mean?

Coined by Henry Clay, it is a program for economic development in the 19th century. It was basically a plan to improve the United States as a whole that included internal improvements (this meant states' improvements), protective tariffs and a national bank. Many Americans were not an advocate of this since the protective tariffs restricted our trade, internal improvements only improves states and not the US as a whole, and the national bank would lead to a central authority. However, the Americans needed this system, as during the presidency of Andrew Jackson, a non-supporter for the American System that refused to have anything to do with it, refused to do internal affairs, lowered tariffs, and dissolved the National Bank, sending the US economy into a tailspin.


What industries are listed in Mexico?

You mean American industries? Thousands, literally. From Hershey's to General Motors; from IBM to General Electric, there are many companies that have plants or offices in Mexico.


What is mean by tarrifts?

Tariffs are taxes imposed by a government on imported goods and services. They are used to regulate trade by making imported items more expensive, thereby protecting domestic industries from foreign competition. Tariffs can also serve as a source of revenue for governments. Additionally, they can influence trade relationships and economic policies between countries.


What does gauntlets mean?

A protective glove


Meaning of industries?

the meaning of industries mean people having jobs or work


What industries use robots and how?

Car industries use robots, If that's what you mean. If not Google.com :)


What does it mean by diverse industries?

Diverse industries are ones that are very different to each other.


What does imposing tariffs mean?

A tariff is a tax paid on goods brought into a colony or country; tariffs protect internal production by raising the price of imported goods.


What does industrie mean?

industrie means industries