The Smoot-Hawley Tariff Act of 1930
A) increased US Tariff rates on all imported goods to an average of 53%.
B) initiated an international trade-war coincided with the US 1930's Great Depression.
C) was associated with a twenty-percent reduction in US agricultural exports, as compared to levels in the 1920's.
D) motivated US trading partners to retaliate with their own high tariffs on US exports.
E) All of the above.
Correct Answer:
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