What is the not the consequence of Smoot-Hawley Tariff Act?
A、It helped the U.S. economy to recover from Great Depression and accelerates the growth of business in the U.S.
B、This act prompted retaliation. Other countries implemented similar actions against the U.S.
C、Trade protection were adopted in many countries to avoid negative impact from abroad, this is so called “beggar-thy-neighbor”.
D、International retaliatory moves led to a dramatic decline in the volume of world trade.