Flashcards
2 History-Tariffs
Cards in this deck (4)
- 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.
Information
- Description
- AQA
- Created by
- melgallagher · Apr 2014
- Updated
- Jun 13, 2016
- Views
- 51
- Tags
- Rating