Answer:
A precursor for a War Between the States came in 1832, when South Carolina called a convention to nullify tariff acts of 1828 and 1832, referred to as the “Tariffs of Abominations.” A compromise lowering the tariff was reached, averting secession and possibly war.
Explanation:
Answer:
lthough they opposed permanent tariffs, political expedience in spite of sound economics prompted the Founding Fathers to pass the first U.S. tariff act. For 72 years, Northern special interest groups used these protective tariffs to exploit the South for their own benefit. Finally in 1861, the oppression of those import duties started the Civil War.
In addition to generating revenue, a tariff hurts the ability of foreigners to sell in domestic markets. An affordable or high-quality foreign good is dangerous competition for an expensive or low-quality domestic one. But when a tariff bumps up the price of the foreign good, it gives the domestic one a price advantage. The rate of the tariff varies by industry.
If the tariff is high enough, even an inefficient domestic company can compete with a vastly superior foreign company. It is the industry’s consumers who ultimately pay this tax and the industry’s producers who benefit in profits.
As early as the Revolutionary War, the South primarily produced cotton, rice, sugar, indigo and tobacco. The North purchased these raw materials and turned them into manufactured goods. By 1828, foreign manufactured goods
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