The Smoot-Hawley Tariff Act of 1930 Contributed to the Collapse

Multiple Choice

The Smoot-Hawley Tariff Act of 1930 contributed to the collapse of global trade

A) by raising tariffs on products imported into the U.S., which in turn led to retaliatory trade-restricting legislation around the world.
B) by imposing economic sanctions against third-world countries.
C) by banning foreign consumer products.
D) by raising tariffs on exports, which deterred domestic producers from selling in foreign markets.