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 region benefited most from protective tariffs on industry?
A
North
B
South
C
East
D
West
Explanation: 

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.

There is 1 question to complete.