The Smoot-Hawley Tariff of 1930 Had the Effect of

question 76

Multiple Choice

The Smoot-Hawley tariff of 1930 had the effect of

• A)offsetting the Great Depression.
• B)causing a trade war.
• C)stimulating U.S.production.
• D)promoting free trade.
• E)causing other countries to lower their tariffs on U.S.-made goods.

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Definitions:

Promise

An assurance given by one party to another, agreeing to do or not do something specified in the future.

Consideration

Consideration is a fundamental principle in contract law, referring to something of value exchanged between parties as part of an agreement.

Legal Value

Consideration or benefit recognized by law as sufficient to form a valid contract or enforceable obligation.

Gross Inadequacy

An extreme lack of sufficiency or competence in performance or provision, often referenced in legal contexts concerning contractual or fiduciary obligations.