35. The Fordney-McCumber Tariff Law established the tariff rate of 38.5%. The president was authorized to reduce or increase detuties.
36. The high tariff course of Rep, Harding and Coolidge Administrations, set off a chain reaction. They only reduced the rate 5 times but increased it 32 times!!!
37. In response to the American high-tariff walls, Europe built higher barriers. These walls and barriers deepened the international economic crisis. Hitler would use this to his advantage.
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