The intent of the Hawley-Smoot Tariff was to raise the import tax so severely that people would only be able to afford American made goods and products. The intent of the Reconstruction Finance Corporation was to revive the banks enough so that that they could start giving out loans again and begin to fix themselves.
he changed the country
tariff
The protective Tariff of 1816 is also known as the Dallas Tariff. It is noteworthy because it marks the first time that congress passed a tariff to protect American manufacturers instead of just to raise money.
tax
The purpose of a protective tariff. First of all, what is a protective tariff? It is a tax on imported goods (or goods that come into the country).So, a protective tariff would be one that protects the country from foreign competition. For example, the tariff of 1828. Northern prices were getting too high for the South to be able to pay, so instead the South bought its goods from other countries(England mainly). The Northern ecconomy was hurt because of this so Northern senators chose to place a tariff on all imported goods from foreign countries, thus protecting their industries.
The Smoot-Hawley Tariff act
Yes, he did.
Smoot-Hawley Tariff
The tariff hurt trade with other countries.
The tariff hurt trade with other countries
The tariff hurt trade with other countries.
The tariff hurt trade with other countries.
The tariff hurt trade with other countries.
the hawley-smoot tariff caused other countries to retaliate, so markets for American goods dried up
the hawley-smoot tariff caused other countries to retaliate, so markets for American goods dried up
Falling prices of goods is what investors feared would happen because of the Smoot-Hawley Tariff Act.
The legislative analysts determined the Hawley-Smoot Tariff Act was a large mistake.