IDNLearn.com offers a unique blend of expert answers and community insights. Get comprehensive and trustworthy answers to all your questions from our knowledgeable community members.

What was one long term effect of high us tarrifs

Sagot :

High tariffs decreased imports, which led foreign investors to withdraw large amounts of money from American banks. Overproduction led to increased exports, which shifted investment to foreign countries and dried up the credit available to American consumers