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, enacted in 1930, significantly raised import duties on various goods, leading to retaliatory tariffs from other countries. This resulted in a decline in international trade and exacerbated the Great Depression, as countries faced economic isolation. The tariff's protectionist measures ultimately hurt American farmers and manufacturers, contributing to widespread economic hardship. The negative impact of the Hawley-Smoot Tariff highlighted the dangers of protectionism during a global economic crisis.
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