Question
After the stock market crashed, Congress put tariffs on imported goods. What was the effect of these tariffs?
(1 point)
• The tariffs led to an overproduction of food.
• The tariffs caused risky fluctuations in the market.
• The tariffs allowed American businesses to recover.
• The tariffs created an escalating trade war.
(1 point)
• The tariffs led to an overproduction of food.
• The tariffs caused risky fluctuations in the market.
• The tariffs allowed American businesses to recover.
• The tariffs created an escalating trade war.
Answers
GPT-4o mini
The correct answer is: **The tariffs allowed American businesses to recover.**
Tariffs on imported goods were intended to protect domestic industries by making imported products more expensive, thus encouraging consumers to buy American-made products and allowing local businesses to regain stability in the aftermath of the stock market crash.
Tariffs on imported goods were intended to protect domestic industries by making imported products more expensive, thus encouraging consumers to buy American-made products and allowing local businesses to regain stability in the aftermath of the stock market crash.