Multiple Choice
The Smoot-Hawley trade bill of 1930, designed to save jobs and increase revenue for the federal government, resulted in
A) an increase in both employment and federal tax revenue.
B) a sharp reduction in trade and a decline in federal tax revenue.
C) the protection of jobs while maintaining the level of trade, but it did not increase federal tax revenue.
D) a decline in the volume of trade, but an increase in revenue from tariffs, which made it possible for the federal government to balance its budget.
Correct Answer:
Verified
Correct Answer:
Verified
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