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Hitman42 [59]
3 years ago
11

The Smoot-Hawley Tariff had the direct effect of

Geography
2 answers:
Alexeev081 [22]3 years ago
4 0

Answer:

contribution to the u.s economy

Explanation:

contribution to the u.s economy

lianna [129]3 years ago
3 0

<u>ANSWER:</u>

The Smoot-Hawley Tariff had the direct impact of forcing the global economy down by almost 65%.

<u>EXPLANATION:</u>

  • The tariff was passed to support the farmers who had suffered during the Great Depression.
  • However, this plan back-fired. The US imposed tariffs on many agricultural products that were imported.
  • The increased food prices led almost all countries to retaliate with their own prices. This eventually led to a slow down of the economy.
  • The world economy suffered badly and the tariff worsened the Great Depression. It is also believed to have started World War II.
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