Question

After the stock market crashed, Congress put tariffs on imported goods. What was the effect of these tariffs?


A.

The tariffs led to an overproduction of food.


B.

The tariffs caused risky fluctuations in the market.


C.

The tariffs allowed American businesses to recover.


D.

The tariffs created an escalating trade war.

Answer 1

Question :

After the stock market crashed, Congress put tariffs on imported goods. What was the effect of these tariffs?

A.  The tariffs led to an overproduction of food.

B.  The tariffs caused risky fluctuations in the market.

C.  The tariffs allowed American businesses to recover.

D.  The tariffs created an escalating trade war.

Answer & Explanation:

The correct answer is D.  The tariffs created an escalating trade war.  I just took the quiz and I got that question correct.

Answer 2

Following the start of the crisis, customs charges on imported items climbed by an average of 40% to 48%. Tariffs on agricultural products were imposed in order to protect domestic agriculture, which had been severely harmed by the economic downturn.

Many economists believe this was a bad decision. The price of these products skyrocketed as a result of this move, and several countries retaliated with countermeasures, exacerbating the worldwide situation. The action ended up being exceedingly risky for global trade.

So, Option D is correct.

The other options are incorrect as:

• Option A is incorrect as no there was no overproduction of food tariffs did not lead to overproduction.

 

• Option B is incorrect as there were no risky fluctuations in tariffs.

• Option C is incorrect as American business did not recover due to Congress putting tariffs on imported goods.

 

Thus the Option D is correct as this was the effect when congress put tariffs on imported goods.

For more information about tariffs refer to the link:

https://brainly.com/question/7997911