Why were Northern states in favor of Hamilton's protective tariff?
(1 point)
The tariff protected the North from paying any additional fees when exporting their goods.
The tariff allowed manufacturers in the North to charge higher prices for their products.
The tariff made goods produced in the North less expensive than imported goods.
The tariff had less of an effect on businesses in the North than it did on those in the South.
The first three options listed are all potential reasons why Northern states would be in favor of Hamilton's protective tariff. However, without additional information, we cannot determine which one is the correct answer.
pick one
The tariff made goods produced in the North less expensive than imported goods.
The Northern states were in favor of Hamilton's protective tariff because it made goods produced in the North less expensive than imported goods. To understand why this was the case, it is important to have a basic understanding of tariffs.
A tariff is a tax or duty imposed on goods when they are imported into a country. In Hamilton's case, the protective tariff was designed to protect and promote domestic industries in the United States. It achieved this by making imported goods more expensive, thereby giving a competitive advantage to domestically produced goods.
In the context of the Northern states, which were more industrialized and had a higher concentration of manufacturing industries, the protective tariff was beneficial. By raising the cost of imported goods, the tariff made the domestically produced goods relatively less expensive. This allowed manufacturers in the North to charge higher prices for their products, as there was less competition from cheaper imports.
Additionally, the protective tariff also helped to protect the Northern states from paying additional fees when exporting their goods. Since the tariff made imported goods more expensive, it created an incentive for other countries to buy goods produced domestically in the United States, including those from the Northern states. This increased demand for Northern goods benefited their economy.
On the other hand, the Southern states, which relied more heavily on agriculture and imported goods, were not as supportive of protective tariffs. They believed that the tariffs would raise the prices of imported goods they relied on, without any corresponding benefits for their economy.
In summary, the Northern states were in favor of Hamilton's protective tariff because it made their goods less expensive compared to imported goods, allowing them to charge higher prices and increasing demand for their products.