In 1828 the U.S. Congress increased taxes paid on imports to protect newly established northern industries from foreign competition. The southern economy was hurt by this protective tariff because the

In 1828 the U.S. Congress increased taxes paid on imports to protect newly established northern industries from foreign competition. The southern economy was hurt by this protective tariff because the tariff -

decreased profits for foreign manufacturers
decreased profits for foreign manufacturers

the south imported most of their goods
the south imported most of their goods

led to widespread bank failures
led to widespread bank failures

prevented trade with western territories
prevented trade with western territories

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