QQuestionHistory
QuestionHistory
"Which of the following was an outcome of the Smoot-Hawley Tariff?
A. Trade partners raised the tariffs on American goods.
B. The agricultural industry received a boost.
C. More American goods were sold overseas.
D. Many Republican senators supported Hoover in the next election."
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Answer
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Step 1:Let me solve this step by step:
Step 2:: Understand the Historical Context
The Smoot-Hawley Tariff Act of 1930 was a protectionist trade policy signed by President Herbert Hoover during the early years of the Great Depression. The act dramatically raised import tariffs on thousands of foreign goods entering the United States.
Step 3:: Analyze the Consequences
The primary outcome of the Smoot-Hawley Tariff was a significant negative international economic response. Foreign countries retaliated by raising their own tariffs on American goods, which severely disrupted international trade.
Step 4:: Evaluate Each Option
A. Trade partners raised the tariffs on American goods - This is CORRECT. Many countries responded to the U. S. tariffs by imposing their own high tariffs on American products. B. The agricultural industry received a boost - INCORRECT. The tariff actually harmed agricultural exports. C. More American goods were sold overseas - INCORRECT. International trade dramatically decreased. D. Many Republican senators supported Hoover in the next election - INCORRECT. The tariff was widely viewed as a policy failure.
Final Answer
Trade partners raised the tariffs on American goods. The Smoot-Hawley Tariff is widely considered an economic policy disaster that contributed to the severity of the Great Depression by triggering a global trade war and reducing international commerce.
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