Which of the following statements accurately summarizes the tariff policy of the early 1920s?
A) It made it easier for other nations to sell to the United States.
B) It made it harder for other nations to sell to the United States.
C) It made it easier for other nations to repay their war debts.
D) It led Americans to cut back on loans and investments abroad.
E) It had virtually no effect on the average American but significantly limited businesses.

Question

Quizplus · Accepted Answer

The tariff policy of the early 1920s was the Smoot-Hawley Tariff Act of 1930, which raised tariffs on thousands of imported goods. This made it much harder for other nations to sell to the United States, leading to international trade retaliation and contributing to the Great Depression.

Which of the Following Statements Accurately Summarizes the Tariff Policy