The Smoot-Hawley Tariff Act of 1930

question 67

Multiple Choice

The Smoot-Hawley Tariff Act of 1930

• A) was passed to protect domestic jobs by imposing fines on firms that imported raw materials from abroad.
• B) mandated the federal budget be balanced.
• C) dramatically raised tariffs on products imported into the U.S. and led to retaliatory trade- restricting legislation around the world.
• D) subsidized domestic firms which produced products for export.

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Definitions:

Minimum Reading

The lowest value or measurement that can be accurately read or determined by a given instrument or method.

Universal Motor

An electric motor that can operate on either AC or DC power, commonly found in household appliances.

Wound Armature

An armature with coils wound around its laminated core, typically part of an electric machine, that interacts with the magnetic field to generate motion or electricity.

Compensating Winding

A winding used in electrical machines to reduce unwanted effects of armature reaction, improving performance.