Falling prices of goods is what investors feared would happen because of the Smoot-Hawley Tariff Act.
Raised tariffs on imported goods
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.
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.
Clement Smoot was born in 1884.
Falling prices of goods is what investors feared 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.
He was not planning to veto the Smoot-Hawley Act.
a decline in prices-apex
The Smoot-Hawley Tariff act
International trade slowed down as a result of the Hawley-Smoot tariff.
It's Smoot-Hawley. Answer available online
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 legislative analysts determined the Hawley-Smoot Tariff Act was a large mistake.
The cast of The Hawley-Smoot Tarriff - 2012 includes: Lauren Abernathy as Girl Dominic Sparacio as Kid Lynne Westafer as Teacher
It raised tariffs on imported goods.