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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.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoIt imposed tariffs on non-farm imports, causing problems with other countries.
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What did investors fear would happen beause of the Smoot-Hawley Tariff Act?
a decline in prices-apex
Within a few years the hawley--smoot tariff act led to?
A. A dramatic drop in world trade
What was the Smoot-Hawley Tariff Act How did it backfire?
It was an act that raised tariffs on imported goods. It backfired because other countries didn't want to be treated unfairly, so they raised their tariffs too. Many economists think that it made the Great Depression worse. In any case, because many countries started to boycott US goods in retaliation, it gave more business to the UK and other countries besides the US. As with most things, some people benefitted, but others were harmed. Definitely international trade relations were harmed.
How did the stamp act hurt the colonial economy?
The stamp act put a tax on all paper products, such as newspapers, letters, legal douments, and all others. It hurt the colonial economy because makers of paper products had the tax applied to their wares.
Did the Federalists enthusiastically supported the Embargo Act of 1807?
no they did not support it at all they found it to be detrimental to the economy and trading.
What factor helped to worsen the great depression?
The Smoot-Hawley Tariff act
What is smooth Hawley act?
It's Smoot-Hawley. Answer available online
What did investors fear would happen because of the Smoot- Hawley tariff act?
Falling prices of goods is what investors feared would happen because of the Smoot-Hawley Tariff Act.
How did US voters react to the Hawley-Smoot Tariff Act of 1930?
The legislative analysts determined the Hawley-Smoot Tariff Act was a large mistake.
How did investors fear as a result of the Smoot-Hawley tariff act?
Falling prices of goods is what investors feared would happen because of the Smoot-Hawley Tariff Act.
What did the Smoot Hawley tariff act of 1930 do?
Raised tariffs on imported goods
How did Hoover make American investors nervous?
He was not planning to veto the Smoot-Hawley Act.
Government act which increased taxes on imports in June of 1930?
Smoot-Hawley Tariff
What did investors fear would happen beause of the Smoot-Hawley Tariff Act?
a decline in prices-apex
What worsen the Great Depression?
The factor that helped worsen the Great Depression was the Smoot-Hawley Act.
What was established first hoover moratorium or agricultural marketing act or smoot-hawley tariff or Kellogg-briand act?
kellogg-briand act
What helped worsen the great depression?
The factor that helped worsen the Great Depression was the Smoot-Hawley Act.
