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Author Question: Describe the effects of the Smoot-Hawley tariff imposed by the United States in 1930. What will ... (Read 97 times)

Redwolflake15

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on: Jun 30, 2018
Describe the effects of the Smoot-Hawley tariff imposed by the United States in 1930.
 
  What will be an ideal response?

Question 2

Write an essay on the importance of a sound banking system in developing countries.
 
  What will be an ideal response?


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momolu

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Had a damaging effect on employment abroad. The foreign response involved retaliatory trade restrictions and preferential trading arrangements among group of countries. This is an example of beggar-thy-neighbor policy, meaning a policy that benefits the home country only because it worsens economic conditions abroad.

Answer to Question 2

See for example the vivid example of Chile in 1981-1982 experience. Students should explain the phenomena of moral hazard as a part of their answer.


Redwolflake15

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cam1229

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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