What Was an Outcome of the Smoot­Hawley Tariff Enacted

question 75

Multiple Choice

What was an outcome of the Smoot­Hawley tariff enacted
By the United States?

• A)a renewed effort to reestablish international trade and the flow of payments via new international organizations
• B)a focus on environmental and labor problems caused by trade
• C)a renewed emphasis on gold as a means of payment
• D)flows of foreign aid to low­income nations

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Definitions:

Common Stock

A type of share or equity ownership in a company, giving holders voting rights and a share in the company's profits via dividends.

Securities Exchange Act

A U.S. law enacted in 1934, which governs the trading of securities, such as stocks and bonds, to protect investors and maintain fair and efficient markets.

Preliminary Prospectus

An initial document given to investors that outlines important details of a potential investment, including risks, objectives, and terms.

Red Herring

A preliminary prospectus provided to potential investors in a new issue of securities, containing information but not the final price.