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Keith_Richards [23]
2 years ago
15

What did investors fear as a result of the smoot-hawley tariff act?

History
2 answers:
alexandr402 [8]2 years ago
8 0

Answer: It was feared that it would crash the US economy.

It was believed that this tariff was senseless , and it proved to be true since it harmed the US economy instead of protecting it.

For example, Henry Ford told Herbert Hoover that the didn't agree with this act.

Also, many European countries such as the UK implemented similar measures which affected the economy of the United States.

Galina-37 [17]2 years ago
3 0
A decline in prices.
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