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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help Britain and France pay off their war debts
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raise taxes on goods entering the United States
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help Germany pay off its war debts
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raise taxes on goods leaving the United States
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Detailed explanation-1: -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.
Detailed explanation-2: -The Fordney-McCumber Tariff Act raised tariffs above the level set in 1913; it also authorized the president to raise or lower a given tariff rate by 50% in order to even out foreign and domestic production costs.
Detailed explanation-3: -The Fordney-McCumber Tariff was meant to: help Britain and France pay off war debts.
Detailed explanation-4: -How did the Fordney-McCumber Tariff affect other countries? The Fordney-McCumber Tariff affected other countries by having France and Britain put pressure on Germany to pay its promised reparations. But Germany could not make the payment because their economy had been destroyed. So French troops marched into Germany.
Detailed explanation-5: -The Fordney-McCumber Tariff was adopted in 1922 to lower the taxes on imported goods. “A dollar down and a dollar forever” represents a form of credit called the installment plan. The main goal of the Washington Naval Conference was to reduce the threat of communism.