To try to escape economic woes, Great Britain raised tariffs. Why was this an unwise thing to do? Higher tariffs created too much of a surplus. It caused runaway inflation to strike the nation. Higher tariffs discouraged foreign trade. It made other nations too rich.

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Nicholas Becker

History

28 April, 18:09

To try to escape economic woes, Great Britain raised tariffs. Why was this an unwise thing to do? Higher tariffs created too much of a surplus. It caused runaway inflation to strike the nation. Higher tariffs discouraged foreign trade. It made other nations too rich.

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Denisse · Answer 1

When Great Britain raised tariffs, this was unwise because " Higher tariffs discouraged foreign trade" since all imported goods faced a tax before they could go to market.