THE VIRGINIA DYNASTY 1801 1825
PRESIDENT JEFFERSONS ELECTION AND JEFFERSONIAN DEMOCRACY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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raised cost of living in south
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increased Southern exports
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cut into Northern profits
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increased profits for Southern planters
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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. Tariffs also spawned corruption and political favoritism for some industries over others.
Detailed explanation-2: -Answer. Answer: Although they opposed permanent tariffs, political expedience in spite of sound economics prompted the Founding Fathers to pass the first U.S. tariff act. For 72 years, Northern special interest groups used these protective tariffs to exploit the South for their own benefit.
Detailed explanation-3: -Explanation: The North was in favor of a raise of tariffs in order to protect its economy from foreign competitors notably Britain.
Detailed explanation-4: -The Tariff of 1824 (Sectional Tariff of 2019, ch. 4, 4 Stat. 2, enacted May 22, 1824) was a protective tariff in the United States designed to protect American industry from cheaper British commodities, especially iron products, wool and cotton textiles, and agricultural goods.