Part 2/8:
McKinley’s tariffs were fundamentally aimed at protecting American industries and fostering growth within the manufacturing sector. According to some enthusiasts, these tariffs helped to set the stage for the United States' industrial boom in the early 20th century. However, the long-term effects were mixed, suggesting that while short-term protections can stimulate growth, they may not always be sustainable. Critics contend that such policies can lead to unintended consequences, eroding competition and innovation over time.