JACKSONIAN DEMOCRACY 1825 1850
PRESIDENT ANDREW JACKSON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a tax placed on imported goods in order to protect a country’s own products
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a policy that forbids other foreign countries from creating more colonies
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an order given by the president that allows him to implement a new law
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a type of currency created by the national bank
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Detailed explanation-1: -Government-levied tariffs are the chief protectionist measures. They raise the price of imported articles, making them more expensive (and therefore less attractive) than domestic products. Protective tariffs have historically been employed to stimulate industries in countries beset by recession or depression.
Detailed explanation-2: -A tariff is a tax added onto goods imported into a country; protective tariffs are taxes that are intended to increase the cost of an import so it is less competitive against a roughly equivalent domestic good.
Detailed explanation-3: -Protective tariffs are designed to shield domestic production from foreign competition by raising the price of the imported commodity. Revenue tariffs are designed to obtain revenue rather than to restrict imports.
Detailed explanation-4: -Protective Tariff Examples For example, if a Japan-made wheelbarrow costs $50 in the US, and a locally produced wheelbarrow is also priced the same, protective tariffs are implemented on the imported Japanese wheelbarrows to force a price increase.
Detailed explanation-5: -If a protective tariff is placed on an imported product, the added cost will go to the government. Efficient currency exchange markets have eliminated countertrade in global business transactions. Effective human resource management styles are transferable from one culture to another.