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European countries reacted to the Hawley-Smoot Tariff, enacted in 1930, with significant discontent and retaliatory measures. They viewed the tariff as a protectionist move that exacerbated the global economic downturn during the Great Depression. Many nations imposed their own tariffs in response, leading to a decline in international trade and worsening economic conditions worldwide. This response ultimately contributed to increased tensions and strained diplomatic relations between the U.S. and European countries.
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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.
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.
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.
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.
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
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 factor helped to worsen the great depression?
The Smoot-Hawley Tariff act
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
How did the smooth tariff affect the American economy?
The tariff hurt trade with other countries.
