Why did northern industrialists favor protective tariffs?
Tariffs raised the cost of Eur...
History, 25.03.2020 21:53 19colemankl
Why did northern industrialists favor protective tariffs?
Tariffs raised the cost of European goods so that more people would buy American goods.
Labor unions demanded tariffs because they raised factory workers’ wages.
Higher prices meant that companies earned higher profits.
Investors used money from tariffs to reduce production costs
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