Question
After the stock market crashed, Congress put tariffs on imported goods. What was the effect of these tariffs? (1 point)
Responses
The tariffs led to an overproduction of food.
The tariffs led to an overproduction of food.
The tariffs caused risky fluctuations in the market.
The tariffs caused risky fluctuations in the market.
The tariffs allowed American businesses to recover.
The tariffs allowed American businesses to recover.
The tariffs created an escalating trade war.
The tariffs created an escalating trade war.
Responses
The tariffs led to an overproduction of food.
The tariffs led to an overproduction of food.
The tariffs caused risky fluctuations in the market.
The tariffs caused risky fluctuations in the market.
The tariffs allowed American businesses to recover.
The tariffs allowed American businesses to recover.
The tariffs created an escalating trade war.
The tariffs created an escalating trade war.
Answers
GPT-4o mini
The most accurate response to the effect of tariffs imposed after the stock market crash is:
**The tariffs created an escalating trade war.**
This is particularly relevant when considering historical events like the Smoot-Hawley Tariff Act of 1930, which raised tariffs on numerous imports and led to retaliatory tariffs from other countries, ultimately exacerbating the global economic downturn.
**The tariffs created an escalating trade war.**
This is particularly relevant when considering historical events like the Smoot-Hawley Tariff Act of 1930, which raised tariffs on numerous imports and led to retaliatory tariffs from other countries, ultimately exacerbating the global economic downturn.