Question

The fordney-mccumber act of 1922 helped boost the american economy by

Answer 1

Answer:

applying high taxes to foreign-made goods.

Explanation:

The  Fordney-McCumber act was named after Joseph W. Fordney, a Michigan Representative in the United States and Porter J. McCumber, a senator from North Dakota. The law on tariff was put in place to protect the American producers and farmers who could face competitions from their European counterparts. It made goods coming into the United States to be a bit more expensive compared to the ones made in the country.

France, England and Germany incurred debts they needed to pay after World War 1 and they set aside the idea of exporting their goods to the U.S in order to raise money for that. The huge taxes on imported goods into America affected their intended strategies.