Question

what did government leaders hope the result of the new tariff would be?
it was theorized that increased tariffs would help american businesses, especially farmers, stay in business during the tough economic conditions. the new tariff imposed an effective tax rate of about 60% on more than 3,000 imported items.
options:

• increased reliance on foreign production
• decreased tax rates for imports
• decreased production of agricultural goods
• increased sales for domestic producers

willis c. hawley and reed smoot,
the politicians for whom the
hawley - smoot tariff act was
named
the stock market crash
the stock market crash of october 1929 marked the beginning of the greatest economic crisis
in american history. a decade of robust economic growth and prosperity hid underlying
weaknesses in the economy: reckless speculation in the stock market, stagnation in the
agricultural sector, rising debt, and the failure of the federal reserve to tighten credit to
reduce risk. when the bottom fell out of the american economy, it seemed to the rest of the

Explanation:

The question is about the expected result of a tariff from the government's perspective. Tariffs are a topic in Economics (a subfield of Business). The goal of tariffs to help domestic businesses means they want to increase domestic producers' sales (by making imports more expensive, so people buy domestic). Let's analyze the options:

• "increased reliance on foreign production" is opposite of helping domestic.
• "decreased production of agricultural goods" doesn't fit the goal of helping farmers/businesses.
• "decreased tax rates for imports" is incorrect as tariffs increase import taxes.
• "increased sales for domestic producers" matches the intent of tariffs (protect domestic industries by reducing import competition, so domestic sales rise).

Answer:

increased sales for domestic producers