Fordney-McCumber Tariff Act-1922

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  • Created by: Heather
  • Created on: 08-03-14 16:51
What was the tariff act introduced in 1922 called?
The Fordney-McCumber Tariff Act of 1922,
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Why was it introduced?
To boost the economy and business of America and to stop foreign competition,
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What did the act do to foreign goods?
They taxes foreign goods sold in America to make them more expensive than American goods?
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In the Short , how did this affect the American economy and why?
At first, it protected the American industry and agriculture from foreign compteition so their production was booming as more Americans bought american made goods,
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In the long , how did this affect the American economy and why?
It kept prices high so life became diffilult for poor people, other countries put tariffs on american goods so this means less trade so American companies are over-producing=Great Depression, A companies had less places to sell-market saturated-
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Other cards in this set

Card 2

Front

Why was it introduced?

Back

To boost the economy and business of America and to stop foreign competition,

Card 3

Front

What did the act do to foreign goods?

Back

Preview of the front of card 3

Card 4

Front

In the Short , how did this affect the American economy and why?

Back

Preview of the front of card 4

Card 5

Front

In the long , how did this affect the American economy and why?

Back

Preview of the front of card 5

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