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Hawley-Smoot Tariff(Identify the historical significance)The smallest protective tariff in the peacetime history of the United States, passed as a result of good old-fashioned horse trading. To the outside world, it smacked of ugly economic warfare.None of the choices are correct.A tawdry affair involving the illegal lease of priceless naval oil reserves in Teapot Dome, Wyoming, and Elk Hills, California. The scandal, which implicated President Harding's secretary of the interior, was one of several that gave his administration a reputation for corruption.The highest protective tariff in the peacetime history of the United States, passed as a result of good old-fashioned horse trading. To the outside world, it smacked of ugly economic warfare.
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