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 Act

Question

Quizplus · Accepted Answer

The Smoot-Hawley Tariff Act, passed in 1930, raised tariffs on over 20,000 imported goods. This sparked a trade war as other countries retaliated with their own tariffs, ultimately leading to a decrease in net exports and a decrease in real GDP.

The Passage of the ________ in 1930 Sparked a Trade