Answer:
The outcomes of the Smoot-Hawley Tariff started from the introduction of the tariff that raised taxes on many imported goods to the closure of trade markets. The chronological order is given below:
Explanation:
<em>1) The Smoot-Hawley Tariff raised taxes on thousands of imports.</em>
<em>2) The tariff angered America's foreign trade partners.</em>
<em>3) America's trade partners raised taxes on American goods, shrinking international trade.</em>
<em>4) Trade markets closed and the Great Depression worsened.</em>
The Smoot-Hawley Tariff or the Tariff Act of 1930 was a law that applied protectionist trade policies in the US. This raised the US tariffs on over 20,000 imported goods and they were the second-highest in the history of the United States. It was done to provide revenue, encourage the industries of the United States, protect American labour, regulate commerce with foreign countries and more. But this didn't go down well with other countries. In retaliation, they raised taxes on American goods which reduced American exports and imports by 67% and intensified the Great Depression.
Studying the Mayflower Compact can improve our society today as it allows us understand how colonists make their own laws instead of following England's.
<h3>What was the compact about?</h3>
It was the first document to establish self-government in the New World, the Mayflower Compact was significant. It continued in operation until Plymouth Colony joined Massachusetts Bay Colony in 1691.
The Mayflower Compact influenced other significant documents in American history, including state constitutions, the Declaration of Independence, and the U.S. Constitution, in addition to giving the Plymouth Colony its system of government and laws. Constitution.
The agreement outlined the rules for a self-governing council that was not entirely independent from the King of England. The concept of law created by and for the people was maintained by the Mayflower Compact. This notion, which is fundamental to democracy, significantly influenced the development of a new democratic state.
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Correct answer choice is:
C. It is designed to reach short-term
<span>A total consumption budget means that all the money is spent on the products and services which have already been planned, and there is nothing left over as discretionary income.</span>
