THE ROARING 20S 1920 1929
AMERICAN POLITICS IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fordney-McCumber Tariff was meant to lower the taxes on imported goods
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The Fordney-McCumber Tariff raised average duties (import taxes) on all imported goods 15.2 percent in 1922, and up to 36.3 percent in 1923. The tariff effectively raised the average import tax on goods 138 percent in two years.
Detailed explanation-2: -The Fordney–McCumber Tariff of 1922 was a law that raised American tariffs on many imported goods to protect factories and farms. The US Congress displayed a pro-business attitude in passing the tariff and in promoting foreign trade by providing huge loans to Europe. That, in turn, bought more US goods.
Detailed explanation-3: -The Fordney-McCumber Tariff was meant to: help Britain and France pay off war debts.
There is 1 question to complete.