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OpenStudy (anonymous):

Will fan and medal What is a tariff? Did high tariffs hurt or help the american economy in the late 1800's?

OpenStudy (litening1337):

I got nothing.

OpenStudy (anonymous):

High tariffs are supposed to help American economy because it places taxes on imported goods. It promotes the purchasing of American-made goods because they are sold at a lower price, without the tariff. Also, if people decide to by foreign goods instead because they like the quality better, then the government makes money from the tariff they paid.

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