The Hawley-Smoot Tariff Act of 1930

question 20

Multiple Choice

The Hawley-Smoot Tariff Act of 1930

• A)lowered U.S. tariff rates to provide markets for European goods.
• B)raised tariff rates and contributed positively to economic recovery worldwide.
• C)encouraged European nations to lower their tariff rates to enable U.S. companies to sell their goods abroad.
• D)did not pass.
• E)raised U.S. tariff rates, causing European nations to raise their rates and thus weaken international trade.

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Definitions:

Equal Credit Opportunity

A law that prohibits lenders from discriminating against applicants based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant's income derives from any public assistance program.

Credit Discrimination

The practice of denying or limiting financial services to individuals based on race, color, religion, national origin, sex, marital status, age, or because they get public assistance.

Telemarketing Sales Rule

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Telemarketing

The direct marketing of goods or services to potential customers over the telephone, by fax or internet.