Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 10 (multiple choice worth 5 points) (4.09rlc) what was one res…

Question

question 10 (multiple choice worth 5 points) (4.09rlc) what was one result of the fordney - mccumber act? high tariffs discouraged international trade lowered income taxes spurred consumer spending european nations began repaying their debts to the u.s. domestic and foreign manufacturers competed more intensely.

Explanation:

Brief Explanations

The Fordney-McCumber Act (1922) was a U.S. law that raised tariffs on imported goods to very high levels. High tariffs make foreign goods more expensive, so U.S. buyers purchase fewer of them, and other nations often retaliate with their own tariffs, which reduces overall international trade. The other options are incorrect: the act did not lower income taxes, it did not lead to European nations repaying U.S. debts (in fact, high tariffs made this harder as Europe struggled to earn U.S. dollars), and it reduced competition by protecting domestic manufacturers from foreign rivals.

Answer:

High tariffs discouraged international trade