________ 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 Tariff

Question

Quizplus · Accepted Answer

The Smoot-Hawley Tariff, passed by Congress and signed into law by President Herbert Hoover in 1930, raised average tariff rates by over 50 percent in the United States, leading to retaliatory trade barriers from other countries and worsening the Great Depression. The GATT and WTO were formed later to promote free trade and reduce tariffs, while NAFTA is a trade agreement between the United States, Canada, and Mexico.

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