Problemas
)7. Which of these did the MOST to trigger a worldwide collapse in trade during the 1930 s? A. Dust Bowl B. Dawes Plan C. Hawley-Smoot Tariff Act D. Black Tuesday )8. A bull market is a period in which stock prices are __ . A. rising B. constant C. all of the above D. falling
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Marthaveterano · Tutor durante 10 años
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7. C. Hawley-Smoot Tariff Act<br />8. A. rising
Explicar
## Step1<br />For question 7, we need to identify the event that had the most significant impact on the global trade collapse during the 1930s. The options provided are the Dust Bowl, the Dawes Plan, the Hawley-Smoot Tariff Act, and Black Tuesday.<br /><br />## Step2<br />The Dust Bowl refers to a period of severe dust storms that greatly damaged the ecology and agriculture of the US and Canadian prairies. This event had a significant impact on the agricultural sector, but it did not directly trigger a worldwide collapse in trade.<br /><br />## Step3<br />The Dawes Plan was an attempt to solve the World War I reparations issue by providing a schedule of payments to Germany. This plan was more about international diplomacy and did not directly trigger a worldwide collapse in trade.<br /><br />## Step4<br />The Hawley-Smoot Tariff Act was a US law that raised US tariffs on imported goods to protect American businesses and farmers. This act led to a decrease in international trade as other countries retaliated with their own tariffs, which triggered a worldwide collapse in trade.<br /><br />## Step5<br />Black Tuesday refers to the day the stock market crashed in 1929, marking the beginning of the Great Depression. While this event had a significant impact on the US economy, it did not directly trigger a worldwide collapse in trade.<br /><br />## Step6<br />For question 8, we need to identify what a bull market is. A bull market is a term used in the stock market to describe a period when the prices of stocks are rising.
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