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]
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North
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South
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East
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West
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Detailed explanation-1: -Tariffs were also used for protectionist purposes, benefiting largely northern manufacturing businesses and effectively raising the costs to southern agricultural exporting industries.
Detailed explanation-2: -Northern industrialists favored protective tariffs because they allowed the manufactured goods they produced domestically to be sold at a lower cost than foreign goods imported into the United States.
Detailed explanation-3: -Farmers and consumers are usually the ones who benefit most from protective tariffs.
Detailed explanation-4: -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.