Asked by Bipul TIWARI on Jun 24, 2024
Verified
What was a result of the Smoot-Hawley Tariff?
A) It deepened the economic crisis.
B) It fueled production in textile industries.
C) It lowered taxes on imports.
D) It diversified the production of agricultural products.
E) It lowered unemployment rates.
Smoot-Hawley Tariff
1930 act that raised tariffs to an unprecedented level and worsened the Great Depression by raising prices and discouraging foreign trade.
Economic Crisis
A period characterized by widespread financial instability, which may lead to a recession and significantly impact employment and wealth.
- Study the transformation in the definition and perception of civil liberties and freedoms in the 1920s.
Verified Answer
JB
Johann BjornJun 30, 2024
Final Answer :
A
Explanation :
The Smoot-Hawley Tariff, enacted in 1930, significantly raised U.S. tariffs on many imported goods. This led to retaliatory tariffs from other countries, reducing international trade and exacerbating the economic downturn of the Great Depression, thereby deepening the economic crisis.
Learning Objectives
- Study the transformation in the definition and perception of civil liberties and freedoms in the 1920s.