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.

Question

Quizplus · Accepted Answer

The Smoot-Hawley Tariff Act raised U.S. tariffs on many imports, leading to a decrease in international trade volume and a decline in tariff revenues as other countries retaliated with their own tariffs.

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