Asked by Charles Johnson on Jun 03, 2024
Verified
The U.S. tariff law that set off an international trade war in the 1930s was the
A) Taft-Hartley tariff.
B) Bentsen-Gephardt tariff.
C) Smoot-Hawley tariff.
D) Landrum-Griffin tariff.
Smoot-Hawley Tariff
The U.S. tariff law of the 1930s, which set the highest tariffs in U.S. history (60 percent). It set off an international trade war and caused the decline in trade that is often considered one of the causes of the worldwide depression of the 1930s.
- Gain an understanding of the historical setting and implications of key trade legislations and policies.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
C
Explanation :
The Smoot-Hawley Tariff Act of 1930 significantly raised U.S. tariffs on many imported goods, leading to retaliatory tariffs from other countries and contributing to the severity of the Great Depression.
Learning Objectives
- Gain an understanding of the historical setting and implications of key trade legislations and policies.