What Was the Result of the Smoot-Hawley Tariff Act

question 1

Multiple Choice

What was the result of the Smoot-Hawley Tariff Act?

• A)Lowered tariffs encouraged trade which helped the world climb out of Depression.
• B)Lower tariffs flooded the American market with cheap goods.
• C)Higher tariffs protected American industry and pulled the U.S.out of depression.
• D)Higher tariffs led to a cycle of trade restrictions, deepening the depression.
• E)It had no positive or negative effects

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Definitions:

Check Conversion

The process by which a paper check is transformed into an electronic payment, speeding up the transaction process and reducing the need for physical handling of the check.

Automated Clearing House

An electronic network for financial transactions, used for the transfer of funds between bank accounts, including direct deposits and bill payments.

Source Documentation

The original records and documents related to a study, project, or transaction, serving as evidence for claims and conclusions.

Fraudulent Misstatements

False or misleading statements made intentionally to deceive others.