THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A significant effect of the Hawley-Smoot tariff was that
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U.S. consumers benefited from lower prices on goods and services.
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Trade between the United States and Europe was greatly reduced.
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Labor unions gained legal protection for collective bargaining.
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U.S. manufactures faced more competition from foreign nations.
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Explanation:
Detailed explanation-1: -Some two dozen countries enacted high tariffs within two years of the passage of the Smoot-Hawley Tariff Act, which led to a 65 percent decrease in international trade between 1929 and 1934.
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