Asked by
Amanda Vazquez
on Oct 27, 2024Verified
Under the Reciprocal Trade Agreements Act of 1934, the president was allocated the power to _________________.
A) reduce American tariffs through special agreements with other nations
B) participate in economic conferences and agreements sponsored by the League of Nations
C) join international economic boycotts against nations engaging in aggression
D) authorize American companies to enter into binding trade agreements with foreign companies
Reciprocal Trade Agreements Act
A 1934 U.S. law that allowed the president to negotiate tariff reductions with other countries to promote international trade.
American Tariffs
Taxes imposed by the United States on imported goods to protect domestic industries and generate revenue.
- Assess the consequences of international trade policies on the economic conditions in the U.S. throughout the 1930s.
Verified Answer
TO
Learning Objectives
- Assess the consequences of international trade policies on the economic conditions in the U.S. throughout the 1930s.
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