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Hello students, here is a question.
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Describe how tariffs were used to fund a united states government prior to the imposition of a permanent income tax in the early 1900s.
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Tariffs played a significant role in financing a united states government before the introduction of a permanent income tax in the early 90s.
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The tariffs are taxed, imposed and imposed goods and they were a major source for revenue to the government during this time period.
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So, these taxes were levied on goods coming into our country and revenue generated of tariffs were used to fund various government expenses.
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So, the imposition of tariffs allowed the government to generate income without burdening the cities directly.
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So, by taxing imported goods, the government could raise the fund to support the operations and initiatives.
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So, tariffs were particularly important for finding an infrastructure project such as construction on roads, bridges and railways which were crucial in the country development of economic growth.
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So, additionally tariffs are used to protect the domestic industries in the foreign competition.
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So, we have a something about the tariffs in the question.
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Does shift the taxation method make a significant change in the government funded and initiatives? so, these are the information's they have provided in the question.
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Let us discuss the answer further.
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First is tariffs were taxed, imposed and imported goods...