A. Favored rich investors. <span>Jackson condemned the bank as a privileged “monopoly” created to make “rich men...richer by act of Congress.” </span>
Without you providing us with the diagram, I can still offer you some thought about the effect of the Smoot-Hawley Act and protective tariffs. Sponsored by Senator Reed Smoot and Congressman Willis Hawley, the intent of their tariff act was to protect American jobs during the economic crisis of the Depression. However, when the US imposed protective tariffs, other nations retaliated with tariffs of their own. Thus American exports and imports were cut in half and the Depression grew worse, not better.
We should note this too: While economists agree that Smoot-Hawley worsened the Depression, how large of a factor it was is a matter that economists debate. Some say the tariffs played a minor role compared to other aggravating factors of the Depression. However, the Foundation for Economic Education asserts that the economists who want to minimize the role of the Tariff Act are wrong to do so. Underestimating the negative impact of protective tariffs can be very dangerous economically -- then and now.
Despite the legal segregation African-Americans were not immediately and readily hired after Presidents Truman's executive order 9980. This was because most people from the south still bear grudges against the abolitionism, Reconstruction and Abraham Lincoln.
<h3>What is an Executive Order?</h3>
An Executive order is a directive from the Executive branch of government which is deemed as legally binding without seeking backing from the legislative arm of government.
An executive order carries the full weight of the law. The idea of executive order is to forestall any hindrance due to time constraint in seeking approval from the legislature.
<h3>What was Executive Order 9980</h3>
Executive Order 9980 authorized the establishment of review boards within federal executive departments and agencies to which employees claiming racially discriminatory treatment could appeal.
This was one of the landmark achievements of president Harry Truman to end racial segregation in the military and in federal workforce.
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