Safeguarding of Industries (Customs Duties) Act 1925

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/safeguarding-of-industries-customs-duties-act-1925

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the enactment date?August 7, 1925
2. What is the legislative body?United Kingdom Parliament
3. Why did Britain create this law after the war?The war changed trade and made other countries compete more, so Britain wanted to protect important industries from too much foreign competition.
4. How did the law decide which industries could get protection?Companies had to ask the Board of Trade, and a special committee looked at their case to see if they were hurting and if they were a key industry before setting a duty.

Ad Valorem Duty: A tax calculated as a percentage of the value of the imported goods.
Interwar Period: The time between the end of World War I (1918) and the beginning of World War II (1939).
Protectionism: Government policies aimed at shielding domestic industries from foreign competition, often through tariffs and quotas.
Laissez-faire Economics: An economic system where transactions are free from government intervention such as regulation, privileges, tariffs, and subsidies.