Economically, isolationism was only useful for a short time. Essentially, the isolationist policies of the United States are partially responsible for the decline in the economy. One of the isolationist policies that hurt America’s economy was the country’s stance on international trade. During 1922, the American government introduced the Fordney-McCumber Act. This act raised American customs duties and made imports more expensive than goods made in the United States. For a time, this tariff was rather beneficial; the government made a profit off of the tariff and Americans were more inclined to buy goods made in the United States. When the citizens had bought all that they could buy, there was a decrease in demand. Suddenly, the
Economically, isolationism was only useful for a short time. Essentially, the isolationist policies of the United States are partially responsible for the decline in the economy. One of the isolationist policies that hurt America’s economy was the country’s stance on international trade. During 1922, the American government introduced the Fordney-McCumber Act. This act raised American customs duties and made imports more expensive than goods made in the United States. For a time, this tariff was rather beneficial; the government made a profit off of the tariff and Americans were more inclined to buy goods made in the United States. When the citizens had bought all that they could buy, there was a decrease in demand. Suddenly, the