"We are reaping the natural fruit of the orgy of speculation in which millions of people have indulged. It was inevitable, becau
se of the tremendous increase in the number of stockholders in recent years, that the number of sellers would be greater than ever when the boom ended and selling took the place of buying." The quote above was made in reference to an event that would most directly inspire
The Smoot-Hawley Tariff Act
The 18th Amendment
Prohibition
The Volstead Act
The correct answer is "The Smoot-Hawley Tariff Act". The quote stated in the question was mentioned by a banker during the Great Depression when the efforts made by the government were not enough to recover from the economic crisis. After this crisis The Smoot-Hawley Tariff Act was implemented to protect trade policies and help to move the money during the Depression.
