How did tariffs divide the country?
Northerners supported high tariffs because they enabled the Northern manufacturing sector to compete with imports. Southerners, on the other hand, opposed high tariffs because th Southern economy relied on foreign trade.
What was the purpose of Hawley Smoot Tariff?
Smoot–Hawley Tariff Act
|Long title||An Act To provide revenue, to regulate commerce with foreign countries, to encourage the industries of the United States, to protect American labor, and for other purposes.|
|Nicknames||Smoot–Hawley Tariff, Hawley–Smoot Tariff|
|Enacted by||the 71st United States Congress|
What is the most common reason for a country to establish a tariff apex?
Domestic Employment If a domestic segment or industry is struggling to compete against international competitors, the government may use tariffs to discourage consumption of imports and encourage consumption of domestic goods, in hopes of supporting associated job growth, especially in the manufacturing sector.
What explains the difference between a tax and a tariff?
A tax is any charge imposed on a taxpayer by a government. A tariff is a specific tax on specific imported goods. They help protect domestic industries by making imports more expensive. A duty is an indirect tax imposed on all goods imported from other nations.
Whats the difference between a tax and a tariff apex?
A. Taxes are charged on income while tariffs are charged on sales. Taxes are collected internally while tariffs are collected on imports. …
What explains the difference between a tax and a tariff Brainly?
The answer is A. Explanation: Taxes are paid within a state (domestic economic activity while tariffs are taxes put on imported goods (international trade).
What is the effect of an important tariff charged on a particular good apex?
Production costs for producers are increased. The price paid by consumers is increased.