________ raised average tariff rates by over 50 percent in the United States in 1930.
A)The GATT
B)The WTO
C)NAFTA
D)The Smoot-Hawley Act

Question

Quizplus · Accepted Answer

The Smoot-Hawley Act was a piece of legislation passed by the United States in 1930 that significantly raised average tariff rates by over 50 percent. This had the effect of reducing international trade and worsening the Great Depression. The GATT and WTO are international organizations that seek to reduce trade barriers, while NAFTA is a regional trade agreement between the US, Canada, and Mexico.

________ Raised Average Tariff Rates by Over 50 Percent in the United