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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.
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How did Smoot Hawley tariff affect the American economy?
The tariff hurt trade with other countries.
How did Smoot-Hawley Tariff affect the American economy?
The tariff hurt trade with other countries.
How did the hawley-smoot tariff affect the economy?
The tariff hurt trade with other countries
Why did the Congress pass the Hawley-Smoot Tariff?
to protect prices on american goods
How did the Hawley-Smoot Tariff contribute to the Great Depression?
The Hawley-Smoot Tariff raised import duties so American jobs could be protected in farming and business, including imports. The tariff raised by 20% , which caused foreign countries to make their own tariffs against the U.S. and raising their own tariffs.http://www.britannica.com/EBchecked/topic/550096/Smoot-Hawley-Tariff-Act
How did Smoot Hawley tariff affect the American economy?
The tariff hurt trade with other countries.
How did Smoot-Hawley Tariff affect the American economy?
The tariff hurt trade with other countries.
How did the hawley-smoot tariff affect the economy?
The tariff hurt trade with other countries
How did the hawley Smoot tariff helped spread the depression overseas?
the hawley-smoot tariff caused other countries to retaliate, so markets for American goods dried up
What did the Hawley Smoot Tariff help spread the depression overseas?
the hawley-smoot tariff caused other countries to retaliate, so markets for American goods dried up
Why did the Congress pass the Hawley-Smoot Tariff?
to protect prices on american goods
What factor helped to worsen the great depression?
The Smoot-Hawley Tariff act
How did the smoot Hawley act damage the us economy?
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.
How did the Hawley-Smoot Tariff contribute to the Great Depression?
The Hawley-Smoot Tariff raised import duties so American jobs could be protected in farming and business, including imports. The tariff raised by 20% , which caused foreign countries to make their own tariffs against the U.S. and raising their own tariffs.http://www.britannica.com/EBchecked/topic/550096/Smoot-Hawley-Tariff-Act
In what way did the Smoot-Hawley Tariff of 1930 affect the U.S. economy?
The Smoot-Hawley Tariff of 1930 significantly raised tariffs on hundreds of imported goods, aiming to protect American industries during the Great Depression. However, it led to retaliatory tariffs from other countries, resulting in a steep decline in international trade. This exacerbated the economic downturn, contributing to widespread unemployment and further deepening the economic crisis. Ultimately, the tariff is often criticized for worsening the Great Depression rather than aiding recovery.
How did the Hawley Smoot Tariff make the depression worse?
Countries were already short on money so putting a charge on trade only made things worse.
He signed the highest tariff in us history?
Yes, he did.
