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2 History-Tariffs
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- 1What are tariffs?Taxes placed on imported goods.
- 2What was the Fordney-McCumber tariff and why was it made?Republicans wanted to out compete foreign goods so put large tariffs on imports.
They ranged from 40-400%. - 3What is protectionism?US goods were cheaper than foreign made goods.
- 4How many times were tariffs raised in the 1920's?32.
This was good for American firms in the short term then hurt them later when other countries retaliated.
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- AQA
- Creado por
- melgallagher · abr 2014
- Actualizado
- 13 jun 2016
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