1 answer:
One effect of the Smoot-Hawley Tariff is other countries responded by raising tariffs on American goods, further hurting the economy.
<u>Explanation </u>:
The Tariff Act of 1930 , better known as the Smoot-Hawley Tariff implemented protectionist trade policies in United States.It was signed by President Herbet Hoover and was sponsored by Senator Reed Smoot and Representative Willis.C.Hawley on June 7, 1930. This act increased tariff on foreign imports to America by 20%. At least 25 countries responded to it by increasing their own tariffs on American goods. Global trade declined steeply resulting in the Great depression. It increased 900 import tariffs. This act also contributed to the start of World War 2 . It is one of the worst act in congressional history .
You might be interested in
Answer:
spinning and weaving
Explanation:
rule Britannia
Answer:
You would need to look South-East of America, it is situated above Florida
Explanation:
Answer: supplier of raw materials and exporter of finished products
Explanation: Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade.
Black Tuesday, also known as the Wall Street Crash of 1929, was the worst stock market crash in US history.
Answer:
You should choose the North as your side. Because it was more developed so it can help the South, The North was also richer, The North had no slavery, The North helped the South in reconstruction, and the North had better areas.
Explanation:
