High tariffs damage the U.S. economy by making it hard to import crops
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Option - A
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Explanation:
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To protect the US industries Smoot-Hawley Traffic Act passed in June 1930 to impose increase in certain tariffs and effected some restrictions on trade. The increase in tariffs is made to boost the US economy.
The high tariff is made to increase the cost of imported products and to increase domestic production. However, the increase in tariff in the year 1930 had made a huge impact in the economy. Because of restriction in imports and high tariff, the availability of goods in markets are reduced and it had lowered the income and unemployment has become a major issue.
They had what they needed and nothing more they thought that they did not need huge empires
Three million men, or nearly 10% of the population of the United States in 1860, belonged to the 15–30 age group.
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What is the Economic Cost of American Civil War?</h3>
The estimated cost is about $3.3 billion, spent by both the government and the estimated human capital lost in the war was about $2.2 billion, and physical destruction was under $1.5 billion.
The total bill for the war came to about $7 billion—roughly two full years of GDP in 1860.
Thus, the American Civil War was revealed to be a revolution in which both the government and the military expended enormous resources.
Learn more about American Civil War here:
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The naval battle of Trafalgar was fought on October 21, 1805. The British fleet under Lord Nelson met a combined fleet of French and Spanish ships off the coast of Spain. The English fleet won a tremendous victory ensuring that Napolean would not be able to invade Britain. Admiral Lord Nelson died during the battle.
