Although meant to protect the interests of American farmers, how did the Smoot-Hawley Tariff hurt the global economy?
A) Other nations raised their own tariffs, which caused world trade to decline sharply.
B) Increased demand for American farm products by foreign markets put too much stress on American farm production and caused farmers to go bankrupt.
C) The tariff lowered the prices of American agricultural products, which caused a loss of profits for farmers.
D) The cheaper price of American farm goods caused overbuying by foreign markets, which were unable to sell them, thus causing American farmers to lose money.
Correct Answer:
Verified
Q53: Mary McLeod Bethune was a member of
Q54: In his failure to face the facts
Q55: Which of these was at the heart
Q56: Briefly describe the Roosevelt coalition that emerged
Q57: By 1933, the share of the American
Q59: Describe and analyze the differences between the
Q60: What group was excluded from enjoying the
Q61: Why was President Franklin D. Roosevelt reluctant
Q62: Which statement best describes the reasons for
Q63: Which statement best describes the historical significance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents