after the stock market crashed, congress put tariffs imported goods. what was the effects of these tariffs

After the outbreak of the crisis, customs duties on imported goods increased, on average from 40% to 48%. These were tariffs on agricultural products, and the move sought to protect domestic agriculture, which was vigorously shaken by the economic crisis. Many economists think this was a wrong move. After this move, the price of these products jumped dramatically, and many countries responded with countermeasures, which intensified the crisis globally. The move proved to be extremely dangerous for global trade.

QueasyUnicorn14 QueasyUnicorn14 · Answer 2 · 2020-03-20T17:27:29+01:00

Question :

Answer & Explanation:

The correct answer is D. The tariffs created an escalating trade war. I just took the quiz and I got that question correct.

MY QUESTION:

After the stock market crashed, Congress put tariffs on imported goods. What was the effect of these tariffs?

A. The tariffs led to an overproduction of food.

B. The tariffs caused risky fluctuations in the market.

C. The tariffs allowed American businesses to recover.

D. The tariffs created an escalating trade war.