And then when what the world really needed was more trade, America responded by raising __ to their highest levels ever with the Hawley-Smoot, a law that was as bad as it sounds. interest rates income taxes tariffs No answer text provided.

Question

And then when what the world really needed was more trade, America responded by raising __ to their highest levels ever with the Hawley-Smoot, a law that was as bad as it sounds. interest rates income taxes tariffs No answer text provided.

Answer 1

The question refers to a historical event, namely, the reaction of the United States to the need for more trade. The Hawley-Smoot mentioned in the question refers to the Hawley-Smoot Tariff Act that was enacted in 1930. The act raised U.S. tariffs on over 20,000 imported goods to record levels, and in doing so, it greatly exacerbated the Great Depression. Therefore, the correct option is the one indicating a raise in tariffs. Assumption is made here that 'bad' refers to the negative impact resulting from this law.

Question

And then when what the world really needed was more trade, America responded by raising __ to their highest levels ever with the Hawley-Smoot, a law that was as bad as it sounds. interest rates income taxes tariffs No answer text provided.

Answer

Answer

Explanation