The passage of the ________ in 1930 sparked a trade war that caused net exports to decrease and real GDP to decrease.
A)Cellar-Kefauver Act
B)Sherman Antitrust Act
C)Clayton Act
D)Smoot-Hawley Tariff

Question

Quizplus · Accepted Answer

The Smoot-Hawley Tariff was a protectionist trade policy introduced in 1930 which raised tariffs on over 20,000 imported goods to record levels. This led to retaliatory tariffs from other countries and a decrease in global trade, causing a decrease in net exports and real GDP.

The Passage of the ________ in 1930 Sparked a Trade