Question

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Answer 1

One effect of the Smoot-Hawley Tariff is other countries responded by raising tariffs on American goods, further hurting the economy.

Explanation:

• 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.