As a Result of the Smoot-Hawley Trade Bill of 1930

question 473

Multiple Choice

As a result of the Smoot-Hawley trade bill of 1930,

• A) both the volume of U.S. trade and the tariff revenues derived from trade increased substantially.
• B) the volume of U.S. trade decreased, but the tariff revenues derived from trade increased.
• C) the volume of U.S. trade increased, but the tariff revenues derived from trade decreased.
• D) both the volume of U.S. trade and the tariff revenues derived from trade decreased substantially.

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Definitions:

Equitable Remedy

A judicial order enforcing a party to act or refrain from acting in a certain way, distinct from awarding damages.

Material And Willful

Refers to an action done intentionally and with a solid understanding of its consequences, often used in legal contexts to describe behavior.

Status Quo

The existing state of affairs or current condition, typically used in context with agreements or legal situations.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no contract exists between the parties.