Asked by Jordan Edmundson on May 08, 2024
Verified
Statement I: The U.S.protected its industries with high tariffs during most of the 19th century and during the early years of the Great Depression.
Statement II: The "Tariff of Abominations" in 1828 was abominable to the South,which was primarily an agricultural economy and did not have much industry to protect with tariffs.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Tariff of Abominations
The nickname given to the Tariff Act of 1828, which imposed high duties on imports and was highly controversial, particularly in the Southern United States, which felt it economically disadvantaged them.
Agricultural Economy
An economy that is largely dependent on agricultural production and the cultivation of crops and livestock.
High Tariffs
Elevated taxes imposed on imported goods, intended to protect domestic industries by making foreign products more expensive.
- Scrutinize the pros and cons of tariffs, quotas, and the facilitation of free trade measures.
Verified Answer
KB
Katsuky BakugooMay 15, 2024
Final Answer :
C
Explanation :
Both statements are true. The U.S. did protect its industries with high tariffs during the 19th century and early years of the Great Depression. The "Tariff of Abominations" in 1828 was indeed opposed by the South, which was primarily agricultural and had little industry to benefit from protective tariffs.
Learning Objectives
- Scrutinize the pros and cons of tariffs, quotas, and the facilitation of free trade measures.