
HIKING THE TARIFF HIGHER 


35. The Fordney-McCumber Tariff Law established the tariff rate of 38.5%. The president was authorized to reduce or increase duties. He had a limit, though, of 50%.
36. The high tariff course of Republicans, Harding and Coolidge Administrations, set off an ominous chain reaction. They raised the rate 32 times and reduced it only 5 times.
37. In response to the American high-tariff walls, Europe built higher barriers. These walls and barriers deepened the international economic crisis hole. Hitler would use this to his advantage.

And now go to Anna's blog to continue this trecherous study guide: annasapushblog.blogspot.com