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
Factories & industries….apex (Subscribe to Extendo Mani on YT)
The Smoot-Hawley Tariff, enacted in 1930, significantly raised tariffs on imported goods, aiming to protect American industries during the Great Depression. However, it led to retaliatory tariffs from other countries, which exacerbated international trade tensions and caused a decline in global trade. This further deepened the economic downturn in the U.S. and contributed to worsening unemployment and economic stagnation. Ultimately, the tariff is widely criticized for hindering recovery efforts during a critical period in American history.
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.
Factories & industries….apex (Subscribe to Extendo Mani on YT)
Factories and industries could make more money on their goods.
Protective tariffs were considered by some to aid the American economy, but rates were especially high for bolts of cloth and for bar iron.
how did harding tariff laws affect europe
The Smoot-Hawley Tariff, enacted in 1930, significantly raised tariffs on imported goods, aiming to protect American industries during the Great Depression. However, it led to retaliatory tariffs from other countries, which exacerbated international trade tensions and caused a decline in global trade. This further deepened the economic downturn in the U.S. and contributed to worsening unemployment and economic stagnation. Ultimately, the tariff is widely criticized for hindering recovery efforts during a critical period in American history.
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
This trariff proctected American business from foreigh competion..I think :)