The Fordney-McCumber Tariff had the economic effect of
A) encouraging American manufacturers to produce for overseas markets.
B) forcing European producers to lower their prices in order to sell in American markets.
C) inducing Europeans to raise their own tariff barriers, virtually killing international trade.
D) enabling American farmers to dump their products overseas and thus maintain higher prices at home.
E) creating increased American trade with Mexico and Canada, which were not covered by the tariff barriers.
Correct Answer:
Verified
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