23. During the Industrial Age, how was the economic situation in the United States impacted by the federal government's use of tariffs? A Low tariffs encouraged competition and drove down consumer prices. B Low tariffs ended the trade deficit and stabilized the economy. C High tariffs discouraged domestic manufacturing and caused unemployment. D High tariffs resulted in industrial growth and yielded higher profits for large companies.

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23. During the Industrial Age, how was the economic situation in the United States
impacted by the federal government's use of tariffs?
A Low tariffs encouraged competition and drove down consumer prices.
B Low tariffs ended the trade deficit and stabilized the economy.
C High tariffs discouraged domestic manufacturing and caused unemployment.
D High tariffs resulted in industrial growth and yielded higher profits for large companies.
Transcribed Image Text:23. During the Industrial Age, how was the economic situation in the United States impacted by the federal government's use of tariffs? A Low tariffs encouraged competition and drove down consumer prices. B Low tariffs ended the trade deficit and stabilized the economy. C High tariffs discouraged domestic manufacturing and caused unemployment. D High tariffs resulted in industrial growth and yielded higher profits for large companies.
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