After the US bank was shut down, they were short on money, so the government created the tariff.
Congress passed the Morrill Tariff.
A tariff is a tax on imports A protective Tariff is a tax on imports to protect an industry in your country by making the imported goods more expensive and less attractive to the consumer. A successful use of this can be seen in the history of Harley Davidson Motorcycles.
They raised money for the government and encouraged the growth of American industry's.
The tariff was the only tax of any great importance at that time. Pierce did not make any effort to get the tariff reduced even though the government was running a surplus.
so that the government doesn't have to get imported goods that are all nasty.
In the past, the government used protective tariffs to reduce imports.
Tariff
Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war
Sometimes a country suffering from a protective tariff will enact a tariff of its own on a product.
A tariff is a tax levied by the government on the importation of goods.
The term used for taxes of imported goods is usually a Tariff and sometimes called a Duty or Customs Duty.This is why you sometimes see duty-free shops in airports or cruise ship terminals. Goods purchased in these shops are not charges the Duty or Tariff.
a protective tariff is a tariff set by the government that is at least 25% tax, this is supposed to protect our county's economy by taxing all imports.
a tariff is a duty or duties imposed by a government on imported or exported goods (a schedule of prices or taxes) they can restrict trade by causing the price of goods to rise making them more expensive and so less attractive to prospective buyers
Protective tariff. These types of tariffs are placed by the government on goods that are imported in an effort to protect the countries specific trade on that good. This tariff raises the price of an imported good so high that others will turn to the local countries good instead. ^No. Incorrect. Falso. a protective tariff is designed to protect a domestic industry (which is what the above answer talked about). A revenue tariff is used to raise money for the government
Protective tariff. These types of tariffs are placed by the government on goods that are imported in an effort to protect the countries specific trade on that good. This tariff raises the price of an imported good so high that others will turn to the local countries good instead. ^No. Incorrect. Falso. a protective tariff is designed to protect a domestic industry (which is what the above answer talked about). A revenue tariff is used to raise money for the government
After the US bank was shut down, they were short on money, so the government created the tariff.