Which financial policy would a wealthy northern industrialist have been most likely to support in the late 1800s?

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2026-02-08 21:40

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A wealthy northern industrialist in the late 1800s would likely have supported tariffs on imported goods to protect domestic industries from foreign competition, thereby boosting profits and promoting economic growth. They would also favor a gold standard to stabilize the currency and ensure predictable value for investments. Additionally, support for government policies that facilitated infrastructure development, such as railroads, would align with their interests in expanding markets and reducing transportation costs.

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