"we are reaping the natural fruit of the orgy of speculation in which millions of people have indulged. it was inevitable, because of the tremendous increase in the number of stockholders in recent years, that the number of sellers would be greater than ever when the boom ended and selling took the place of buying." the quote above was made in reference to an event that would most directly inspire the smoot-hawley tariff act the 18th amendment prohibition the volstead act

The correct answer is "The Smoot-Hawley Tariff Act". The quote stated in the question was mentioned by a banker during the Great Depression when the efforts made by the government were not enough to recover from the economic crisis. After this crisis The Smoot-Hawley Tariff Act was implemented to protect trade policies and help to move the money during the Depression.

the amount of the purse is, $120.

tax rate =9%

first find the the total tax she paid on the amount is equal to the 9% of $120 i.e,

now,

total amount paid by shalika = $120 +$10.8 = $130.8

the intolerable acts were punitive laws passed by the british parliament in 1774 after the boston tea party. in great britain, these laws were referred to as the coercive acts.