A protective tariff is a duty or import tax placed on an import to create an even playing field for domestic manufacturers of similar goods. It effectively raises the price of the imported good.
to help American factories
High tariffs are supposed to help the American economy because they place taxes on imported goods. Tariffs promote the purchasing of American-made goods because they are sold at a lower price, without the tariff. Also, if people decide to buy foreign goods instead, then the government makes money from the tariffs that were paid.
Tariffs allowed American industries to grow.
protective tariffs
Tariffs increased the cost of foreign goods- novanet(:
Tariffs increased the cost of foreign goods,,.. novanet!!
does Tariffs protect American jobs and wages.
to help American factories
High tariffs are supposed to help the American economy because they place taxes on imported goods. Tariffs promote the purchasing of American-made goods because they are sold at a lower price, without the tariff. Also, if people decide to buy foreign goods instead, then the government makes money from the tariffs that were paid.
to help american buinesses
It was because tariffs encouraged people to buy American products meaning it kept factories/companies in business. FYI: The North's economy relied on manufacturing(factories).
to help american factories
It would charge high tariffs to pay for infrastructure to help economic development
Tariffs allowed American industries to grow.
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
Lack of tariffs on the american products. tariffs are taxes essentially on foriegn goods. this makes american goods cost less
Implement protective tariffs to help American Industry.