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?

Answer 1

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

Answer 2

@okrzesik10 @texaschic101 any ideas

Answer 3

During the 1920's, Congress supported domestic producers with a protective trade policy.

Answer 4

found it here, if that helps...
http://www.flvs.net/myFLVS/study-tools/EOC/Documents/Practice%20Test%20US%20History%20Answer%20Key.pdf