tariffs



Tariffs-increasing taxes on imported goods. Tariffs were used to make prices of foreign goods go up, thus making the consumer buy American goods. Though this helps the business owners in America, it is not good for the average Joe. It hurts the average Joe because it also encouraged American business to increases their prices. Also it hurt farmers in two ways: one is they raised prices on manufactured goods, second is foreign nations retaliated on American business by raising prices on America crops.

Information provided by:America Pathway to the Present PP. 278