Multiple Choice
The Smoot-Hawley Tariff Act of 1930
A) was passed to protect domestic jobs by imposing fines on firms that imported raw materials from abroad.
B) mandated the federal budget be balanced.
C) dramatically raised tariffs on products imported into the U.S. and led to retaliatory trade- restricting legislation around the world.
D) subsidized domestic firms which produced products for export.
Correct Answer:
Verified
Correct Answer:
Verified
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