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How did American economists respond to the Smoot-Hawley Act of 1930?
AOver a thousand asked Hoover to sign it
BA dozen asked the Senate to amend it
COver a thousand asked Hoover to veto it
DNone of them commented on it publicly
Answer & Solution
Correct answer: C. Over a thousand asked Hoover to veto it
1. 1. The tariff acts of 1922 and 1930 both raised barriers to new heights.
2. 2. The rates in the second of them were so high that over a thousand American economists petitioned Hoover to veto it.
3. 3. Their prediction was costly retaliation by other nations, and later events are said to have borne it out.
4. 4. Asking him to sign it reverses the petition, and the other options misstate its size and its target.
_Source: An Outline of American History (U.S. Information Agency, 1990, public domain), section CONSERVATIVE POLICIES PREVAIL_
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