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Local merchants held what against imported goods?
Merchants held tariffs on imported goods.
What made imported goods more expensive than local goods?
Taxation
How did tarrif affect prices of imported goods?
A tariff is a tax set on imported goods.It raises the price of said goods, in order to protect local businesses.
How did the Aztecs become rich?
They became rich by trading their goods with local merchants
What does protectionism put on foreign trade to protect local business?
The term is tariff- a charge on imported goods.
Local merchants held what against imported goods?
Merchants held tariffs on imported goods.
What did local merchants hold against import ed goods?
Local merchants would boycott imported goods.
What made imported goods more expensive than local goods?
Taxation
How did tarrif affect prices of imported goods?
A tariff is a tax set on imported goods.It raises the price of said goods, in order to protect local businesses.
How did the Aztecs become rich?
They became rich by trading their goods with local merchants
Why did the government of Mexico put a tax on goods imported to Tejas from the Us?
The government of Mexico imposed a tax on goods imported to Tejas from the U.S. primarily to generate revenue and assert control over the region. This tax was part of broader efforts to encourage local production and reduce reliance on foreign goods, as well as to strengthen Mexico's economic position. Additionally, it aimed to promote loyalty among Texan settlers and reduce the influence of American merchants in the region.
What policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
What does protectionism put on foreign trade to protect local business?
The term is tariff- a charge on imported goods.
Where did the members of the merchants class work?
Members of the merchant class typically worked in urban areas, engaging in trade and commerce. They operated businesses such as shops, markets, and warehouses, selling goods ranging from local products to imported items. Many merchants also participated in trade networks, facilitating the exchange of goods across regions and countries. Their work contributed significantly to the economic development of cities and the expansion of markets.
When the colonies declared a boycott on British goods who formed the backbone of the movement?
The backbone of the boycott against British goods during the colonial period was primarily formed by the middle and lower classes, including merchants, artisans, and laborers. These groups organized and participated in non-importation agreements and local committees of correspondence to promote the boycott and encourage community support. Women also played a crucial role, often leading campaigns to produce homemade goods and replace imported items. This collective effort helped unify the colonies against British taxation and policies.
What best describe Adam Smith's about the role of merchants?
Work hard, buy local goods, provide jobs.
What describes Adam Smith's idea about the role of merchants?
Work hard, buy local goods, provide jobs.
