What act by congress contributed to the world wide spread of the Depression?
The Dawes Plan?
Nope. What are your other choices?
Smoot–Hawley Tariff Act?
Stock Market Crash of 1929
Read this:
http://future.state.gov/when/timeline/1921_timeline/smoot_tariff.html
Hoover`s administration made a bad mistake when Congress, caving in to special interests, passed the Smoot-Hawley Tariff Act in 1930. The measure would hike up tariffs to prohibitively high levels. The president signed the bill into law over the objections of more than 1,000 economists. Every major trading nation protested against the law and many immediately retaliated by raising their tariffs. The impacts on international trade were catastrophic. This and other effects caused international trade to grind nearly to a standstill; the depression spread worldwide. ^-^ just change this up a bit so they don't say u plagiarized anything ^.^
What is the source of your quote?
Boberto, read what I posted for you and make up your own mind.
ok thanks.
You're welcome. :)
No, the Dawes Plan was not an act by Congress that contributed to the worldwide spread of the Great Depression. In fact, the Dawes Plan was an international agreement created in 1924 to help Germany with the repayment of war reparations incurred after World War I. It aimed to stabilize Germany's economy by providing loans from the United States to Germany and reorganizing their payment schedule.
However, there were several other acts by Congress that actually contributed to the worldwide spread of the Great Depression. One significant act was the Smoot-Hawley Tariff Act of 1930. This act was intended to protect American industries by raising tariffs on imported goods, but it backfired. It led to retaliatory tariffs from other countries, which choked off international trade, decreased global economic activity, and contributed to the worsening of the Great Depression.
So, while the Dawes Plan had its implications, it was not a direct cause of the worldwide spread of the Depression. The Smoot-Hawley Tariff Act, on the other hand, was an act by Congress that had a more direct impact on worsening the global economic crisis.