Trade Barriers

Question 1

1929✔ 19301931

Revolt · Accepted Answer

✔ 1930; The Hawley-Smoot Tariff Act passed in January . The act was passed by Congress the start of the Great Depression.The purpose of the act was to purchases of domestic goods.: 1930; The Hawley-Smoot Tariff Act passed in January . The act was passed by Congress the start of the Great Depression.The purpose of the act was to purchases of domestic goods.: after; The Hawley-Smoot Tariff Act passed in January . The act was passed by Congress the start of the Great Depression.The purpose of the act was to purchases of domestic goods.: increase

Question 2

Which ideas did you include in your answer? Check all that apply.

Revolt · Accepted Answer

the purpose of tariffs

Question 3

✔ increasedecrease

Revolt · Accepted Answer

✔ increase

Question 4

exported✔ imported

Revolt · Accepted Answer

✔ imported; Tariffs are a tax placed on goods.Tariffs are used to give domestically produced goods in the market.As a result of tariffs, imported goods become expensive for consumers: imported; Tariffs are a tax placed on goods.Tariffs are used to give domestically produced goods in the market.As a result of tariffs, imported goods become expensive for consumers: an advantage; Tariffs are a tax placed on goods.Tariffs are used to give domestically produced goods in the market.As a result of tariffs, imported goods become expensive for consumers: more

Question 5

a disadvantage✔ an advantage

Revolt · Accepted Answer

✔ an advantage

Question 6

less✔ more

Revolt · Accepted Answer

✔ more

Question 7

What did government leaders hope the result of the new tariff would be?

Revolt · Accepted Answer

increased sales for domestic producers

Question 8

Which outcomes resulted from the passage of the Hawley-Smoot Tariff Act? Check all that apply.Countries around the world increased their tariffs in response.Trade gradually increased as taxes on imports fell.Domestic industries initially benefited from new tariffs.Imports and exports exchanged between the United States and Britain fell by nearly 66%.Countries such as Germany and Austria were able to control their economic downturn.

Revolt · Accepted Answer

Countries around the world increased their tariffs in response.; Domestic industries initially benefited from new tariffs.; Imports and exports exchanged between the United States and Britain fell by nearly 66%.

Question 9

In response to the economic trends triggered by the Great Depression and the Hawley-Smoot Tariff Act, President Roosevelt signed the Reciprocal Trade Agreements Act.What was the main purpose of this act?

Revolt · Accepted Answer

It allowed the US government to work with other countries to reduce tariffs.

Question 10

Which actions were taken after WWII to help ensure that an economic crisis like the Great Depression would not occur again? Check all that apply.Agreements were signed to remove links between currencies.The General Agreement on Tariffs and Trade was overturned in 1971.The Bretton Woods Agreement created a system to connect the world’s currencies.The General Agreement on Tariffs and Trade reduced trade barriers.Countries created formal agreements to increase trade barriers.

Revolt · Accepted Answer

The Bretton Woods Agreement created a system to connect the world’s currencies.; The General Agreement on Tariffs and Trade reduced trade barriers.

Trade Barriers Answers

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