- encourge economic growth, because you can sell goods abroad that have lower raw material and manufactutirng costs, so you will make a high profit.
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A second advantage of FREE TRADE?
Goods will be cheaper because there will be more competition between brands to lower prices, as all are accessible.
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A third advatange of FREE TRADE?
A larger variety of goods on the market.
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A final advantage of FREE TRADE?
Could encourage other countries to reduce import duties.
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What is a diadvantage of FREE TRADE?
Local farmers will be losing out, because goods from different countires will be avaliable and may be cheaper.
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Another disadvantage of FREE TRADE?
The government will get less money from taxes, so will have less to spend for the country.
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Who supported FREE TRADE?
National Liberals
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What is an advantage on PROTECTIONISM?
It means that local goods will be bought over international prodcuts (cheaper).
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Another advanatge of PROTECTIONISM?
The Government get more money, from taxes
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Final advantage of PROTECTIONISM??
Increased price of imports - encourages poeple to buy local goods
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Disadvantage of PROTECTIONISM?
Goods from other countries are more expensive
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Another disadvantage of PROTECTIONISM?
Could lead to retaliation, raise import duties, cost more to export globally.
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Who supports PROTECTIONISM?
Farmers, leading german manufactures, Junkers and industrialists
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Before 1879, who had been incharge of economic matters?
Rudolf DelBruck
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What did DelBruck advocate?
Free trade of Zollverein, (a free trade union)
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What did Bismarck do in 1879?
Proposed tariffs on iron goods, grain and coal. It was pased in Reichstag by Conservatives, free Concervatives centre party and 12 National Libers 'tariff rebels'.
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Give 2 reasons why Bismarck introduced protective Tariffs?
- Sympathetic to Junker Class and The price of wheat and rye was declining (1871 = 283 marks per tonne, 1879 = 198 marks per tonne)
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Give 2 reasons why Bismarck introduced protective Tariffs?
Charging tax = gov will get more money and ensuring slefsuficiency incase of war
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Another 2 reasons why Bismarck introduced protective tariffs?
Needs to form an alliance with conservatives and retaliation against Russian policy against protectionsim of German wheat.
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What was the last straw in Bismarck's partnership with National Liberals?
Their support for free trade
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What happened in the 1877 election?
Nls lost seat
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What did Bismarck do? (1877)
Proposed a porgramme of financial and constitutional reforms and offerein thier leader, RV Bennigsen, the post of Prussin Minister of Interior.
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What happened to negotiations between Bismark and NLs in 1877?
Broke down when Liberals then insisted that a futher congress should also join the Prussian Governmant (left wing of party)
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