Which of the following is true of the Underwood Tariff?
A) By allowing an independent commission to determine tariff rates, it removed the tariff issue from politics.
B) By raising tariff rates to record levels, it prevented American industry from being destroyed by inexpensive foreign imports.
C) By reducing or eliminating tariff rates, it encouraged imports of cheaper foreign materials and manufactured goods.
D) By eliminating all tariffs, it indicated that America would join with the other industrialized nations in accepting the principle of free trade.
Correct Answer:
Verified
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