Question

Which two outcomes reflect the domestic impact of the Smoot-Hawley Tariff?

-increased American employment by making American products more competitive
-reduced tariffs on products originating in the southern states, causing a shift in domestic spending
-reduced foreign purchases of agricultural products, contributing to overproduction domestically
-inspired further tariffs on a wide array of products, signaling a shift to economic isolationism
-increased American agricultural production, contributing to reduced agricultural prices

Answer 1

The two outcomes that reflect the domestic impact of the Smoot-Hawley Tariff include "reduced foreign purchases of agricultural products, contributing to overproduction domestically."

The other outcome that reflects the domestic impact of the Smoot-Hawley Tariff is "inspired further tariffs on a wide array of products, signaling a shift to economic isolationism."

This is evident in the fact that the Smoot-Hawley Tariff, which was passed in 1930, was made to increase the consumption of local products in the United States by increasing the tariffs on foreign products.

However, the foreign countries increased tariffs on US products in retaliation, leading to economic isolationism, as no foreign countries were willing to import from the US.

Similarly, with increased tariffs on imports, foreign purchases of agricultural products reduce, leading to overproduction domestically.

Hence, in this case, it is concluded that the correct answer is options C and D.

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Answer 2

Answer:

inspired further tariffs on a wide array of products, signaling a shift to economic isolationism

reduced foreign purchases of agricultural products, contributing to overproduction domestically

Explanation: