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Juliette [100K]
3 years ago
10

What is the difference between a protective tariff and a revenue tariff? Which was the Tariff of 1816?

History
1 answer:
Nookie1986 [14]3 years ago
5 0

Answer:

The answer is below

Explanation:

The difference between a revenue tariff and a protective tariff.

1. A Revenue Tariff is a form of tariff that is purposely made to generate capital or money for the government, which will then be utilized to conduct the affairs or activities of the government.

On the other hand, a Protective Tariff is a form of tariff that is specifically made to protect the internally or locally made products from the imported or foreign-made products that are in direct competition. This is done by artificially increasing the price of importation.

2. Tariff of 1816 is a tariff that is a protective tariff that is deliberately made by the United States Congress to protect the locally made goods in the United States against foreign-made goods that compete. It is otherwise referred to as Dallas Tariff.

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Although there are no options attached, we can say the following.

The historical events prior to the expansion of sea travel that contributed to the Growth of interconnection across oceans during the period from 1450-the 1700s were the financial support that King of Spain Ferdinand Magallanes and Queen Isabella del Castille gave to Portuguese sailor Cristopher Columbus to explore a new sailing route to the West Indies.

Columbus had a crew divided into three ships: "La Niña," "La Pinta," y "La Santa María. This trip ended up being a success when Columbus discovered America on October 12, 1492.

After this major event, European exploration led to dominance in the Atlantic and Indian Oceans and over the people in Africa and the Americas.

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