Answer:
Follow the law and protect the country
Answer:
Which was most likely an effect of the Confiscation Acts during the American Revolution?
A. Increased loyalist opposition to patriots
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The correct answer is C.) Lack of diversification in industry, growth was experienced in only a few industries while others suffered.
Explanation:
Option A.) is factually incorrect - there was actually a mass overproduction in the agricultural economy, not “too few farm products.” Farmers actually produced more food than consumers wanted.
Option B.) - Yes, there was indisputably an uneven distribution of wealth; however, it was not in the favor of the farmers. In fact, many farmers were left in sever debt following the agriculture economic crisis.
Option D.) - While there were probably technological advances to a certain degree, it would be incorrect to say there were “too many jobs.” Unemployment rates in the U.S. during the Great Depression reached nearly 25% at its highest (which may not sound drastic, but it absolutely is.) This was one of the highest unemployment rates in history, and it affected most of the industrialized world in the West.
Fordney-McCumber Tariff was imposed on American importations. Native Americans could not buy foreign products and resorted to purchase domestic products.
After World War I, situation of Europe was tragic. France and England emerged triumphant but they borrowed heavily from American banks in order to finance their war effort. Germany already in shambles as it lost huge money as restitution charges which hit the economy of the country. This global economic situation was the base for levying Fordney Mc Cumber Tariff on imports.
As the import tariff was high Europeans could not sell their goods in America. This obstructed England, Europe and Germany’ ability to pay off the war debts. England Europe desired to sell their products in America in order to receive the US Dollars with which they intended to pay off the American banks, but this tariff made it difficult.
Hence, France increased tariffs on mechanization and other world economies increased the tariffs on their products which had a drastic impact on American economy.
