Answer:
Demand-pull inflation exists when aggregate demand for a good or service outweigh aggregate supply. It starts with an increase in total consumer demand. Sellers meet such an increase with more supply. But when additional supply is unavailable, sellers raise their prices. That results in demand-pull inflation.
This is commonly described as "too much money chasing too few goods."
The steam boat
The cotton gin and others
Answer:
The Tariff of 1828 was a protective tariff passed by the Congress of the United States on May 19, 1828, designed to protect industry in the northern United States.
As a result, Americans manufactured their own products. To protect infant manufacturers, Congress passed the nation’s first protective tariff: the tariff of 1816.
Jackson saw the threat of secession as a threat to federal authority and he stated that he would personally lead an army into South Carolina in order to enforce federal control. South Carolina backed down from its secession threat when other states did not join in protesting the tariff and secession.
Explanation:
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