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Scrat [10]
3 years ago
6

Issue: many Americans bought British goods because they were higher quality and had a lower price than goods made in the united

states. What was the resolution?
History
1 answer:
Gnoma [55]3 years ago
7 0

"Tariff of 1816"<u> </u>was made to solve the issue faced my many Americans regarding the U.S manufactured goods.

<u>Explanation</u>:

Tariff of 1816 was the first protective tariff passed by U.S Congress. This Tariff helped to protect the American industry from competition by raising the prices of British manufactured goods, which were often cheaper and of higher quality than the goods produced in the America.

According to this act, 20-25% tax was laid on all foreign goods. So the prices of the British goods were increased. American businesses were able to compete with British and European factories after implementing Tariff of 1816.

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