loverofthings
loverofthings loverofthings
  • 12-12-2016
  • History
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During the 1920s, what was the primary goal of a protective tariff?

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HyperDrive
HyperDrive HyperDrive
  • 12-12-2016
Protective Tariffs have been used in order to protect the products inside of a country. Imagine that in America a shirt costs $100. Now imagine that an imported shirt from China that is the exact same as the American made shirts costs only $75. Which one is the consumer more likely to buy? But, if there was a import tariff of $25, then the shirts would cost the same. This is what a tariff is.
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