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The Smoot-Hawley Tariff of 1930

Question 18

Multiple Choice

The Smoot-Hawley Tariff of 1930:


A) was enacted by Britain's Parliament in order to punish Germany for its failure to make reparations payments.
B) is widely held as the cause of a costly trade war that soon engulfed much of the world.
C) lowered U.S. tariffs sharply so that the large U.S. economy could serve as an engine of growth for the rest of the world.
D) caused the U.S. stock market to crash.

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