THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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During the early days of industrialization, many members of Congress believed that tariffs were necessary to
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raise money to run the government
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protect new industries from foreign competition
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increase the prices that Europeans paid for American products
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entice European consumers to buy American goods
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Explanation:
Detailed explanation-1: -During the early days of industrialization, many members of Congress believed that tariffs were necessary to help new American industries compete with large established European factories.
Detailed explanation-2: -To encourage rapid construction, the government offered each company land along its right-of-way. (About 1-5 miles on either side of the tracks) The railroads sold the land on either side of the tracks to settlers to pay for the cost of building the railroad.
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