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.
The Clayton Antitrust Act<span> is an amendment passed by U.S. Congress in 1914 that provides further clarification and substance to the Sherman </span>Antitrust Act<span> of 1890 on topics such as price discrimination, price fixing and unfair business practices.</span>
Antonie Philips van Leeuwenhoek FRS was a Dutch businessman and scientist in the Golden Age of Dutch science and technology. A largely self-taught man in science, he is commonly known as "the Father of Microbiology", and one of the first microscopists and microbiologists.
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