What did the Fordney-McCumber Tariff and Smoot-Hawley Tariff demonstrate about U.S. trade policy from 1920 to 1930?
A) the United States was committed to laissez-faire economics.
B) the United States was willing to raise tariffs to protect domestic manufacturers.
C) the United States wanted to maintain lower tariffs.
D) the concept free trade would never be abandoned.
E) the nation had completely abandoned the principles of free trade.

Question

Quizplus · Accepted Answer

The Fordney-McCumber Tariff (1922) and the Smoot-Hawley Tariff (1930) both represented a shift towards protectionism in U.S. trade policy, aiming to protect domestic industries by raising tariffs on imported goods.

What Did the Fordney-McCumber Tariff and Smoot-Hawley Tariff Demonstrate About