Question

Why did northern industrialists favor protective tariffs?

a. higher prices meant that companies earned higher profits.
b. labor unions demanded tariffs because they raised factory workers wages.
c. tariffs raised the cost of european goods so that more people would buy american goods.
d. investors used money from tariffs to reduce production costs.

Answer 1

The main reason why northern industrialists favored protective tariffs is because "a. higher prices meant that companies earned higher profits" since these tariffs limited imports.