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 tariff hurt trade with other countries.
The Smoot-Hawley Tariff act
Yes, he did.
Smoot-Hawley Tariff
The Hawley Smoot Tariff was the largest tariff in American history. It raised the taxes incredibly on imported goods. Unfortunately, foreign markets did the same in response. This began a "trade war" between U.S. and foreign markets. This in turn did hurt the U.S. economy.
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.