Following the imposition of the Smoot-Hawley tariff
A)international trade continued to expand.
B)more than 40 countries imposed higher tariffs of their own.
C)employment in the United States expanded rapidly.
D)Two of the above.

Question

Quizplus · Accepted Answer

The Smoot-Hawley tariff triggered retaliatory tariffs from other countries, resulting in a global trade war and a decline in international trade. More than 40 countries responded with higher tariffs of their own. A and C are incorrect as international trade did not expand, and employment did not expand rapidly due to the tariff.

Following the Imposition of the Smoot-Hawley Tariff