What was one effect of the Smoot-Hawley Tariff?

1 answer:

vladimir1956 [14]3 years ago

6 0

Other countries responded by raising tariffs on American goods, further hurting the economy was one effect of the Smoot-Hawley Tariff

Option C

<h3><u>Explanation:</u></h3>

Smooth - Hawley Tarriff is also known as US Tarriff act 1930. This act was signed into law during the presidency of Herbert Hoover in the late 1929, which was around the start of the Great depression. This Tarriff was meant to raise the Tarriff (taxes) on the imported goods. The actual intention behind bringing this Smooth - Hawley Tarriff is to protect their own manufacturers and their own companies from the alien companies of US.

But they raised the taxes too high such that no one was able to afford it is except the wealthier ones. And this ignited the other countries and they too imposed too much tax on American goods. Since this happened during th great depression, this act worsened the whole economic status of US.

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