JACKSONIAN DEMOCRACY 1825 1850
AGE OF THE COMMON MAN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Businesses in northern states thought it would help them compete with Europeans imports.
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It would allow southern plantation owners to borrow money from banks.
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The federal government could then lower the income tax rate.
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It would enable Americans to buy foreign products.
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Detailed explanation-1: -First, these taxes allow a nation to raise money. Second, tariffs protect a nation’s goods from cheaper priced foreign items. Since the United States of America’s founding in 1788, various groups of Americans have differed on the type of economy that the new nation should establish.
Detailed explanation-2: -There were three main U.S. regions in the early 1800s. The North, first of all, had an economy based on trade and on manufacturing. Northerners supported tariffs because tariffs helped them compete with British factories. Northerners also opposed the federal gov-ernment’s sale of public land at cheap prices.
Detailed explanation-3: -Protective tariffs are tariffs that are enacted with the aim of protecting a domestic industry. They aim to make imported goods cost more than equivalent goods produced domestically, thereby causing sales of domestically produced goods to rise, supporting local industry.
Detailed explanation-4: -During the War of 1812, the British navy prevented goods from coming to American shores. As a result, Americans manufactured their own products. To protect infant manufacturers, Congress passed the nation’s first protective tariff: the tariff of 1816.