Asked by Kaleigh Decker on May 09, 2024
Verified
Why did trade with Cuba and Brazil explode in the 1890s?
A) The two nations had gained independence.
B) The reciprocal tariff dramatically reduced the cost of this trade.
C) The devaluation of the dollar through silver coinage made American products affordable there.
D) The two nations had introduced free market reforms at the urging of American economists.
Reciprocal Tariff
A trade policy agreement between two countries to reduce tariffs and barriers to trade on imports and exports between them.
Cuba And Brazil
Two countries in Latin America, notable for their unique cultural and historical backgrounds, where Cuba is in the Caribbean and Brazil is the largest country in South America.
- Investigate the function of U.S. companies and the effect of their financial policies in external territories.
Verified Answer
SN
Siti Nursyuhada Abd RahmanMay 14, 2024
Final Answer :
B
Explanation :
The reciprocal tariff agreement between the United States and these countries significantly lowered the cost of trade, making it more profitable and leading to an explosion in trade volume during the 1890s.
Learning Objectives
- Investigate the function of U.S. companies and the effect of their financial policies in external territories.