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The Hawley-Smoot Tariff, enacted in 1930, significantly raised U.S. tariffs on imported goods, prompting other countries to retaliate with their own tariffs. This led to a decline in international trade, worsening the global economic downturn. As countries struggled to export their goods, economic conditions deteriorated worldwide, contributing to the spread of the Great Depression beyond the United States. The resulting trade barriers further isolated economies, exacerbating the financial crisis on a global scale.
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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.
Haley smoot tariff?
The Smoot-Hawley Tariff Act, enacted in 1930, raised U.S. tariffs on many imported goods, aiming to protect American industries during the Great Depression. Named after Senator Reed Smoot and Representative Willis C. Hawley, the act sparked retaliatory tariffs from other countries, leading to a decline in international trade. Critics argue that it worsened the economic downturn, while supporters believed it was necessary to safeguard domestic jobs. Ultimately, the tariff is often cited as a significant factor in the deepening of the Great Depression.
What did the Smoot Hawley tariff act of 1930 do?
Raised tariffs on imported goods
What best describes the smoot-hawley tariff?
The Smoot-Hawley Tariff, enacted in 1930, was a protectionist trade policy that raised tariffs on hundreds of imported goods in the United States. Its intent was to protect American industries during the Great Depression, but it led to retaliatory tariffs from other countries, exacerbating global trade tensions and worsening the economic downturn. The tariff is often cited as a significant factor in the deepening of the Great Depression, as it stifled international trade and harmed both domestic and foreign economies.
What happened as a result of the hawley smooth 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.
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
What factor helped to worsen the great depression?
The Smoot-Hawley Tariff act
What worsen the Great Depression?
The factor that helped worsen the Great Depression was the Smoot-Hawley Act.
What helped worsen the great depression?
The factor that helped worsen the Great Depression was the Smoot-Hawley Act.
What was the name extremely high tariff act that killed international trade and deepened the Great depression?
Hawley-Smoot
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.
Sky-high tariff bill of 1930 that deepened the depression and caused international financial chaos?
Hawley Smoot Tariff
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
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.
