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?It banned tariffs within the United States for ten years.It was designed to promote consumer spending through decreased taxes.It allowed the US government to work with other countries to reduce tariffs.It increased tariffs to boost protectionism.
Answer
A
It banned tariffs within the United States for ten years.
B
It was designed to promote consumer spending through decreased taxes.
C
It allowed the US government to work with other countries to reduce tariffs.
D
It increased tariffs to boost protectionism.
Explanation
The Reciprocal Trade Agreements Act of 1934 let the president negotiate trade agreements with other countries to lower tariffs. This was intended to encourage international trade after the Hawley-Smoot Tariff had contributed to a damaging cycle of higher trade barriers. Therefore, the correct choice is “It allowed the US government to work with other countries to reduce tariffs.”
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