Question

Why did American business owners favor high tariffs on foreign goods?

a
People were more likely to buy goods from foreign owners than American goods
b
Prices of foreign goods decreased.
c
People were more likely to buy goods from American business owners than foreign goods.
d
Prices of American goods increased

Answer 1

Answer:

c. on edge

Explanation:

as the price went up on foreign goods, people turned to the domestic alternatives to maxamize their money.

Answer 2

The reason why American business owners favor high tariffs on foreign goods is that people were more likely to buy goods from American business owners than foreign goods

• The US government created high taxes or import tariffs so as to make the products imported into the country much more expensive. This in turn made Americans by the American products instead and it helped the American mills and factories soar higher.

The US put high tariffs on international trade also to to generate revenue for the federal government and also by acting as a protective barrier around small industries.

Conclusively, Tariffs do benefit the importing countries, as they set the policy and receives the money.

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