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How were high tariffs supposed to help farmers?
By stopping competition from farmers abroad --APEX
Why are small businesses important?
they help stimulate the local economy
What did tariffs do to help northern industries?
Nothing
How does tariffs help us maintain a favorable balance of trade and balance of payments?
does Tariffs protect American jobs and wages.
What are taxes on imports and exports called?
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
How were high tariffs supposed to help farmers?
By stopping competition from farmers abroad --APEX
why are businesses important?
they help stimulate the local economy
How do high tariffs help America?
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.
How does the local government help businesses?
they just do cos there coool
Why are small businesses important?
they help stimulate the local economy
How might higher tariffs help America?
Higher tariffs would bring in more tax revenue. . They would also discourage the importation of the foreign goods to which they were applied. This might help the domestic makers of these products to increase sales and expand their businesses, leading to more jobs for Americans.
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What did tariffs do to help northern industries?
Nothing
Who help American industry and help the north?
During the American Civil War, President Abraham Lincoln and the Republican Party supported American industry and the North by implementing protectionist policies, such as tariffs, to help domestic businesses thrive and grow. Lincoln also issued the Emancipation Proclamation, which helped weaken the Southern economy by freeing slaves who were a crucial labor force for Southern industry.
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How does tariffs help us maintain a favorable balance of trade and balance of payments?
does Tariffs protect American jobs and wages.
