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What was the intent of the Hawley Smoot Tariff and the reconstruction finance corporation?
The intent of the Hawley-Smoot Tariff was to raise the import tax so severely that people would only be able to afford American made goods and products. The intent of the Reconstruction Finance Corporation was to revive the banks enough so that that they could start giving out loans again and begin to fix themselves.
What else can I help you with?
What did the tariff of 1816 help finance?
he changed the country
What is a duty paid on particular class of goods?
tariff
What is the protective tariff of 1816?
The protective Tariff of 1816 is also known as the Dallas Tariff. It is noteworthy because it marks the first time that congress passed a tariff to protect American manufacturers instead of just to raise money.
The purpose of a protective tariff?
tax
What is the purpose of protective tariff?
The purpose of a protective tariff. First of all, what is a protective tariff? It is a tax on imported goods (or goods that come into the country).So, a protective tariff would be one that protects the country from foreign competition. For example, the tariff of 1828. Northern prices were getting too high for the South to be able to pay, so instead the South bought its goods from other countries(England mainly). The Northern ecconomy was hurt because of this so Northern senators chose to place a tariff on all imported goods from foreign countries, thus protecting their industries.
What factor helped to worsen the great depression?
The Smoot-Hawley Tariff act
He signed the highest tariff in us history?
Yes, he did.
What tariff passed in 1930 destroyed all foreign trade?
Smoot-Hawley Tariff
How did the hawley-smoot tariff affect the economy?
The tariff hurt trade with other countries
How did the hawley -smooth tariff affect the 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 Smoot-Hawley Tariff affect the American economy?
The tariff hurt trade with other countries.
How did the Smooth Hawley Tariff affect the American 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
Two accomplishments of Hoover's administration?
Two accomplishments of Hoover's administration include the establishment of the Reconstruction Finance Corporation, which provided financial assistance to struggling industries and banks during the Great Depression, and the signing of the Smoot-Hawley Tariff Act, which raised tariffs on imported goods with the intention of protecting American businesses. However, the act ultimately worsened the Great Depression by triggering retaliatory trade measures from other countries.
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.
