In the 1920s, the United States implemented the Fordney-McCumber Tariff Act of 1922, which raised tariffs on a wide range of imported goods to protect American industries. This act aimed to stimulate domestic production and safeguard American jobs by making foreign products more expensive for consumers. The high tariffs imposed during this period contributed to a decline in international trade and strained relationships with trading partners.
LULA
Tariffs are not that high in the USA during the 1920s. European countries had high tariffs as well, definitely compared to the pre-WW1 period, but this was mostly because of problems reestablishing the gold standard
European inability to repay World War I loans.
increased tariffs
isolationism and laissez-faire business policy
During the 1920s republicans supported policies that generally gave corporations free rein, raised protective tariffs, and cut taxes for the rich.
Foreign countries could not afford to buy U.S. exports or repay U.S. loans.
In the 1920s many high tariff policies were passed by Presidents Wilson Harding and Coolidge to protect American businesses. A tariff taxes products from other countries. So when America put tariffs against foreign (mostly European) countries, they were mad because they couldn't export their goods to America, hence they lost money.
If your asking why America made tariffs, then i think it was that America didn't want a whole lot of foreigners selling things in the U.S. and putting Americans out of their jobs. The tariffs made it so less people from other countries could impact the economy, then also the Americans would have more job opportunities.
The general cost of living rose dramatically in the early 1920's. This is what was known as the Great Depression which affected the economy of the world.
The plural form of the noun 'tariff' is tariffs.
the tariffs increased:]