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Falling prices of goods is what investors feared would happen because of the Smoot-Hawley Tariff Act.
Raised tariffs on imported goods
Clement Smoot was born in 1884.
Reed Smoot died in 1941.
Clement Smoot died in 1963.
the hawley-smoot tariff caused other countries to retaliate, so markets for American goods dried up
the hawley-smoot tariff caused other countries to retaliate, so markets for American goods dried up
The Smoot-Hawley Tariff act
The factor that helped worsen the Great Depression was the Smoot-Hawley Act.
The factor that helped worsen the Great Depression was the Smoot-Hawley Act.
Hawley-Smoot
Countries were already short on money so putting a charge on trade only made things worse.
Hawley Smoot Tariff
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
It's Smoot-Hawley. Answer available online
Falling prices of goods is what investors feared would happen because of the Smoot-Hawley Tariff Act.
The legislative analysts determined the Hawley-Smoot Tariff Act was a large mistake.