Reliance on individual activity I believe
Answer:
B. caused a major reduction in international trade
Explanation:
The "Smooth-Hawley Tariff" was an act that was meant to alleviate the people and the economy from the "Great Depression." It raised the tariff of import goods. This was retaliated by other countries, which, in turn, also increased their tariff on US goods. So, this contributed to a decline of both import and export of goods, thereby <u>reducing international trade</u>.
Since it is the role of the bank to assist people when it comes to financial trading, <em>the reduction of international trade greatly affected banking.</em> This resulted to many bank failures, including the collapse of the Creditanstalt Bank (used to be the largest bank in Austria). Farm banks also began failing due to the collapse of the export market. <u>The tariff made a significant change in the country's monetary system.</u>
So, this explains the answer.
Since you provide no options, here are some tactics that companies usually used to hurt unions :
- Craft Workers formed trade unions
- They require workers to take oaths promising not to join unions
- They made the blacklist for the members of the union
hope this helps
As a result of the cuts President Ford made to government spending, unemployment <u>increased.</u>
At the beginning of his term (1974), Gerald Ford wanted to deal with the high rate of inflation by cutting the government's spending and increasing taxes. However, the Congress opposed completely to this idea and proposed the opposite instead. Ford ended up agreeing to the Congress' plan, which passed a tax cut of more than $22 billion but raised spending on government programs in March 1975.
The measures taken did slow inflation, but the unemployment rate increased to nearly 9 percent, which resulted in an economic recession.
