Fordney-McCumber Tariff was imposed on American importations. Native Americans could not buy foreign products and resorted to purchase domestic products.
After World War I, situation of Europe was tragic. France and England emerged triumphant but they borrowed heavily from American banks in order to finance their war effort. Germany already in shambles as it lost huge money as restitution charges which hit the economy of the country. This global economic situation was the base for levying Fordney Mc Cumber Tariff on imports.
As the import tariff was high Europeans could not sell their goods in America. This obstructed England, Europe and Germany’ ability to pay off the war debts. England Europe desired to sell their products in America in order to receive the US Dollars with which they intended to pay off the American banks, but this tariff made it difficult.
Hence, France increased tariffs on mechanization and other world economies increased the tariffs on their products which had a drastic impact on American economy.
Leader Henry Clay<span> designed a compromise, which failed to pass in early 1850, due to opposition by both pro-slavery southern Democrats, led by </span>John C. Calhoun<span>, and anti-slavery northern Whigs.</span>
Answer:
A
Explanation:
The message of Teddy Roosevelt to the congress in 1901 was an indication of his eagerness to use the powers of the constitution of the federal government. The speech dealt with the power of big businesses and the public welfare. He pointed out that an individual contribution or capacity to the Nation that cannot be taken away.
He stated that the fundamentally the welfare of each citizen must rest upon individual thrift and energy, resolution, and intelligence. He stated that growth of entities such as corporations were due to the growth of the country and great industrial centres which resulted in a growth of wealth for individuals as was seen as hurtful to the welfare of the nation by American people.
