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6 April, 17:50

3. Why were tariffs crucial to American economic policies in the late 19th century?

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  1. 6 April, 21:06
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    Tariffs were essentially taxes on products coming into America. They meant that foreign goods could not compete with American products because, no matter how cheaply they could be produced, the addition of tariff fees to their selling costs would make them more expensive than American goods.
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