Question

Question 18 (3.33 points) ,

Why did the U.S. experience a decline in exports just as the market collapsed?

O

President Hoover was too late in dropping tariffs in order to increase international trade.

Foreign countries were experiencing prosperity but did not want American products.

The Hawley-Smoot Tariff discouraged foreign companies from purchasing American

goods.

in

Companies that were hurt by the stock market crash could not keep up with foreign

demand.

Question 19 (3.33 points)

Answer 1

Foreign countries were experiencing prosperity but did not want American products.

Step-by-step explanation:

Answer 2

The correct answer is C) the Hawley-Smoot Tariff discouraged foreign companies from purchasing American.

The U.S. experience a decline in exports just as the market collapsed because the Hawley-Smoot Tariff discouraged foreign companies from purchasing American.

In times of a harsh economic situation in the United States due to the Great Depression, the Hawley-Smoot Tariff of March 13, 1930, was protectionist legislation created to protect trade, raising tariffs of all the imports. Of course, it made these gods prohibitive to the people that were suffering from lack of jobs and poverty. The counterpárt of this legislation was that those foreign countries refused to buy products from the United States, making the situation worse.