One economic impact of the Emergency Tariff of 1921 was an increase in American wages. The tariff was designed to protect American industries by making imported goods more expensive, which in turn encouraged domestic manufacturing and could lead to higher demand for labor and wages within those industries.
What was one economic impact of the Emergency Tariff of 1921?
(1 point)
a decrease in the price of imports from other countries
an increase in American purchasing power
a decrease in interest rates
an increase in American wages
1 answer
1 answer