Which of the Following Resulted from the Smoot-Hawley Trade Bill

question 198

Multiple Choice

Which of the following resulted from the Smoot-Hawley trade bill of 1930?

• A) The stock market began a steady recovery from the crash of October 1929.
• B) Many countries responded by imposing higher tariffs on American products, and the volume of international trade fell sharply.
• C) Imports decreased, while exports increased, resulting in an overall increase in GDP and tariff revenues.
• D) The unemployment rate, which had been rising, began to steadily decline as jobs were protected by the trade restrictions.

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Definitions:

Poverty

A socio-economic condition characterized by the lack of basic resources and opportunities necessary for a standard living.

Environmental Degradation

The deterioration of the environment through depletion of resources, destruction of ecosystems, and extinction of wildlife.

Agricultural Runoff

Water from rain or irrigation that carries fertilizers, pesticides, and other substances from agricultural fields into nearby water bodies, potentially causing pollution.

Oxygen Depletion

A condition where oxygen levels in an environment, especially aquatic systems, significantly decrease due to factors like overpopulation of organisms or excess nutrients.