Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

In 1933, U.S. manufacturers, which used to enjoy steady relationships with their foreign distributors and export nearly 30% of their output, realized that their exports had fallen to only 10% of total output. Which of the following is the most likely reason for this decrease in exports?

a. The low quality of U.S. products
b. Retaliatory tariffs by trading partners
c. War between the United States and Mexico


Sagot :

Parrain

Answer: b. Retaliatory tariffs by trading partners

Explanation:

In the 20s, the United States instituted a series of tariffs on imports that culminated with the Smoot-Hawley tariff of 1930 as they hoped to protect the local industry and to increase government revenue.

Some countries replied with their own tariffs on American exports such that American exports to these countries fell significantly and world trade reached a new low as well.

We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.