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MariettaO [177]
3 years ago
12

Explain how the Union benefited from the imposed protective tariffs on imports?pls help quickly :). thank you

Social Studies
2 answers:
Aleks [24]3 years ago
8 0

Answer:

Although they opposed permanent tariffs, political expedience in spite of sound economics prompted the Founding Fathers to pass the first U.S. tariff act. For 72 years, Northern special interest groups used these protective tariffs to exploit the South for their own benefit. Finally in 1861, the oppression of those import duties started the Civil War.

In addition to generating revenue, a tariff hurts the ability of foreigners to sell in domestic markets. An affordable or high-quality foreign good is dangerous competition for an expensive or low-quality domestic one. But when a tariff bumps up the price of the foreign good, it gives the domestic one a price advantage. The rate of the tariff varies by industry.

Explanation:

VashaNatasha [74]3 years ago
5 0

Answer:

Although they opposed permanent tariffs, political expedience in spite of sound economics prompted the Founding Fathers to pass the first U.S. tariff act. For 72 years, Northern special interest groups used these protective tariffs to exploit the South for their own benefit. Finally in 1861, the oppression of those import duties started the Civil War.

Explanation:

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If the Confederacy had been a separate nation, it would have ranked as the fourth richest in the world at the start of the Civil War. The slave economy had been very good to American prosperity. By the start of the war, the South was producing 75 percent of the world’s cotton and creating more millionaires per capita in the Mississippi River valley than anywhere in the nation. Slaves represented Southern planters’ most significant investment—and the bulk of their wealth

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Explanation:

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