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Harrison supported the high protective tariffs enacted by Congress during his administration. At first the tariff brought in enough money to create a surplus, so new taxes were not needed. Towards the end of his administration the country was on the eve of an economic recession, so new taxes were not proposed.
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What trade policies would most encourage Americans to buy domestic products instead of foreign products?
tarrifs
The Democrats fought bitterly at times over?
Whether to continue the war. The anti-war Democrats were called Copperheads. or depending on the question, it was over slavery,tarrifs,and banking policies
Why are tarrifs barriers to trade?
why are quotas and tariffs called barriers
Why was the north for tarrifs?
because they get money from it
Why did progressives support the sixteenth amendment?
Simple Answer: So that the federal government could support its operations by levying taxes on its citizens.
Why was tarrifs good for the North?
because they get money from it
Does imposition of tarrifs lead to an overall welfare gain for the country?
no
What did the American System say about tariffs?
to create high tarrifs.
What was George Hicks opinion on the national government passing high tariffs?
tarrifs are taxes on IMPORTED goods. He agrees with the national government passing high tarrifs because he has strong business interests
What is Example of barriers of international trade?
tarrifs,quotas,taxes etc......
What is the name for taxes on goods made in foreign nations?
import taxes or tarrifs
Which of the following was a key element of the American System?
Protective tarrifs 4/1/12
