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Congress took corrective action by passing the Reciprocal Trade Agreements Act of 1934, which empowered the president to reduce tariffs by 50 percent on goods from any other country that would agree to similar tariff reductions.

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The 1934 Reciprocal Trade Agreements Act?

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To encourage American companies to export any excess industrial and agricultural production, Congress passed the Reciprocal Trade Agreements Act in 1934, authorizing the president to reduce TARIFFS by as much as 50% if they were found to be hindering American trade.


Congress passed the Reciprocal Trade Agreements Act in 1934 authorizing the president to reduce what by as much as 50 percent if they were found to be hindering American trade?

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Which provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934 deal with secondary liability both as a control person and or aider and abettor?

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