The 1913 Underwood-Simmons Tariff
A) represented a political setback for President Wilson.
B) reduced foreign competition in the United States' domestic markets.
C) was intended to weaken the power of business trusts.
D) passed despite opposition from congressional Democrats.
E) raised tariff rates to a new high.

Question

Quizplus · Accepted Answer

The 1913 Underwood-Simmons Tariff was designed to lower tariff rates, which in turn was intended to weaken the power of monopolies and trusts by increasing competition.