Question

return to normalcy quick check
what was one economic impact of the emergency tariff of 1921?
(1 point)
a decrease in the price of imports from other countries
an increase in american purchasing power
a decrease in interest rates
an increase in american wages

Explanation:

The Emergency Tariff of 1921 imposed high duties on imported agricultural goods and some manufactured items. This made imported products more expensive, which in turn made domestically produced goods more competitive. With imports costing more, American consumers shifted to domestic products, and the relative value of their dollars for domestic goods (purchasing power for domestic options) increased, while the other options do not align with the tariff's direct economic impact.

Answer:

B. an increase in American purchasing power