USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

JAMES MADISON AFTER THE WAR OF 1812 THE ERA OF GOOD FEELINGS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which part of the country suffered the most financially because of tariffs?
A
North
B
South
C
West
D
None of the above
Explanation: 

Detailed explanation-1: -The tariff sought to protect northern and western agricultural products from competition with foreign imports; however, the resulting tax on foreign goods would raise the cost of living in the South and would cut into the profits of New England’s industrialists.

Detailed explanation-2: -Many people in Southern states, especially South Carolina, opposed the tariff. They opposed protective tariffs on the grounds that hurt their state financially. Instead, they supported the free-trade of goods and threatened to nullify the Tariff of 1828 in a major challenge to national authority.

Detailed explanation-3: -Southern states such as South Carolina contended that the tariff was unconstitutional and were opposed to the newer protectionist tariffs, as they would have to pay, but Northern states favored them because they helped strengthen their industrial-based economy.

Detailed explanation-4: -In 1833, Henry Clay helped broker a compromise bill with Calhoun that slowly lowered tariffs over the next decade. The Compromise Tariff of 1833 was eventually accepted by South Carolina and ended the nullification crisis.

There is 1 question to complete.