The Smoot-Hawley Tariff

question 23

Multiple Choice

The Smoot-Hawley Tariff

• A) was a major cause of the Great Depression.
• B) was the last of America's high "protective" tariffs.
• C) made a bad situation slightly worse.
• D) caused a psychological effect that destroyed the banking system.
• E) Only b and c are correct.

Comprehend the role and principles of major labor unions such as the AFL, CIO, and IWW.

Identify the effects and significance of revolutionary unionism and welfare capitalism.

Recognize the evolution of labor relations and patterns of unionization in the post-WWII era.

Evaluate the impact of legislative acts on labor movements.

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Definitions:

Microfinance

The provision of small loans and other financial services to low-income entrepreneurs and small-business owners in developing countries.

Microcredit

Small loans given to entrepreneurs in developing countries as a way to foster economic development and alleviate poverty.

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise, often bringing innovation to the market.

Microcredit

Refers to the provision of small loans to individuals in impoverished countries or regions to promote entrepreneurship and alleviate poverty.