The timeline below shows changes in U.S. tariff policy between 1920 and 1930:•May 1921- Emergency Tariff increases import taxes on agricultural products
•September 1922- Fordney-McCumber Tariff raises tariffs on farm and manufactured goods
•June 1930- Smoot-Hawley Tariff increases tariff levels to record high level

What conclusion can be drawn from this timeline? (1 point)

The American economy was almost entirely self-sufficient throughout the 1920s.
During the 1920s, Congress supported domestic producers with a protective trade policy.

Question

The timeline below shows changes in U.S. tariff policy between 1920 and 1930:•May 1921- Emergency Tariff increases import taxes on agricultural products
•September 1922- Fordney-McCumber Tariff raises tariffs on farm and manufactured goods
•June 1930- Smoot-Hawley Tariff increases tariff levels to record high level

What conclusion can be drawn from this timeline? (1 point)
 
  
 The American economy was almost entirely self-sufficient throughout the 1920s. 
 During the 1920s, Congress supported domestic producers with a protective trade policy.

anonymous · Answer

During the 1920s, the United States shifted from an export-based economy to an import-based economy. 
 Crop prices and corporate profits increased steadily during the 1920s as a result of government policy