Northern industrialists favored protective tariffs primarily because tariffs raised the cost of European goods so that more people would buy American goods. This allowed American manufacturers to compete more effectively in the market, as higher prices on imported goods made domestic products more attractive to consumers.
Question
Why did northern industrialists favor protective tariffs?
(1 point)
Responses
Tariffs raised the cost of European goods so that more people would buy American goods.
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.
Labor unions demanded tariffs because they raised factory workers’ wages.
Investors used money from tariffs to reduce production costs.
Investors used money from tariffs to reduce production costs.
Higher prices meant that companies earned higher profits.
Higher prices meant that companies earned higher profits.
1 answer