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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.
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.
Why did so many banks collapse react to the Hawley Smoot Tariff?
Many banks collapsed in the wake of the Hawley-Smoot Tariff because the tariff led to a significant reduction in international trade, exacerbating the economic downturn during the Great Depression. As tariffs increased, foreign countries retaliated with their own tariffs, leading to a sharp decline in exports. This situation weakened businesses that relied on trade, resulting in widespread bankruptcies and loan defaults, which in turn destabilized the banking system. The resulting loss of confidence in banks led to widespread bank runs, further contributing to their collapse.
How did the Hawley smoot traff help spread the depression overseas?
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.
How did the hawley -smooth tariff affect the 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.
What did international trade slowed down as a result of?
International trade slowed down as a result of the Hawley-Smoot tariff.
What factor helped to worsen the great depression?
The Smoot-Hawley Tariff act
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.
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 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 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
