High tariffs damage the U.S. economy by making it hard to import crops
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Option - A
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Explanation:
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To protect the US industries Smoot-Hawley Traffic Act passed in June 1930 to impose increase in certain tariffs and effected some restrictions on trade. The increase in tariffs is made to boost the US economy.
The high tariff is made to increase the cost of imported products and to increase domestic production. However, the increase in tariff in the year 1930 had made a huge impact in the economy. Because of restriction in imports and high tariff, the availability of goods in markets are reduced and it had lowered the income and unemployment has become a major issue.
Answer: it dropped almost by 10%
Explanation:
America's involvement in World War II had a significant impact on the economy and workforce of the United States. Our involvement in the war soon changed that rate. American factories were retooled to produce goods to support the war effort and almost overnight the unemployment rate dropped to around 10%.
