The 1861 Morrill Tariff Act was passed to:
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Correct answer: Protect Northern manufacturers from foreign competition and raise war revenue
After Southern legislators seceded, Northern Republicans passed high protective tariffs. This helped fund the Union war effort and encouraged the growth of domestic industry by making imports more expensive.
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More Economic and Social Impacts questions
- The 'Twenty-Slave Law' in the Confederacy was controversial because it:
- A major economic shift during the war was the movement of the U.S. toward a 'Contractor State,' which meant:
- In the South, the war essentially destroyed the value of what major 'asset'?
- The Internal Revenue Act of 1862 established which of the following for the first time in U.S. history?
- The Legal Tender Act of 1862 was significant because it:
- Which of the following was a primary reason for the hyperinflation experienced by the Confederacy?