PLEASE HELP ME!! Hamilton's Policies: Tariffs and Taxes
Protective Tariffs
BREAKDOWN OF COST
Hat made in U. S.
7
6
Profit:
$1
5
Tariff:
$2
Profit:
$1
4
3
Hat made in Britain
Cost to
produce:
$5
2
Cost to
produce:
$4
1
0
U. S.
Britain
$7
1. How much does it cost to produce 100 hats in the United States?
2. How much does it cost to produce 100 hats in Britain?
3. In which country is it more expensive to MAKE the hat?
4. How much does it cost to BUY 100 hats made in the U. S.?
5. How much does it cost to BUY 100 hats made in Britain?
6. From which country are hats more expensive to purchase?
7. Explain how the tariff benefits the U. S. and why Hamilton supported this
economic policy
8. Describe how this economic policy may affect relations between the U. S. and
Britain.