The Smoot-Hawley Tariff Act of 1930 Contributed to the Collapse

question 17

Multiple Choice

The Smoot-Hawley Tariff Act of 1930 contributed to the collapse of global trade

• A) by raising tariffs on products imported into the U.S., which in turn led to retaliatory trade-restricting legislation around the world.
• B) by imposing economic sanctions against third-world countries.
• C) by banning foreign consumer products.
• D) by raising tariffs on exports, which deterred domestic producers from selling in foreign markets.

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Definitions:

Narcissism

A personality trait marked by an inflated sense of one's own importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Gambling

Wagering money or something of value on an event with an uncertain outcome, with the intent of winning additional money or goods.

Cheating

Acting dishonestly or unfairly in order to gain an advantage, especially in academic settings or personal relationships.

Secure Self-esteem

A form of self-esteem characterized by a positive, yet realistic view of oneself, resilience to criticism, and stability across different situations.