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Paladinen [302]
2 years ago
14

Tariffs can help or hurt the economy explain the Hawley-Smoot Act with this in mind. In own words

History
1 answer:
-Dominant- [34]2 years ago
6 0
The Hawley-Smoot act was a statute in the US that introduced protectionist trade policies. This act was aimed at supporting american farmers, agriculture and industrial products have risen by 20%.
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The Enlightenment emphasized _____________.
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How did protective tariffs such as hawley-Smoot affect the cycle of depression shown in the diagram
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Without you providing us with the diagram, I can still offer you some thought about the effect of the Smoot-Hawley Act and protective tariffs.  Sponsored by Senator Reed Smoot and Congressman Willis Hawley, the intent of their tariff act was to protect American jobs during the economic crisis of the Depression. However, when the US imposed protective tariffs, other nations retaliated with tariffs of their own.  Thus American exports and imports were cut in half and the Depression grew worse, not better.

We should note this too:  While economists agree that Smoot-Hawley worsened the Depression, how large of a factor it was is a matter that economists debate.  Some say the tariffs played a minor role compared to other aggravating factors of the Depression.  However, the Foundation for Economic Education asserts that the economists who want to minimize the role of the Tariff Act are wrong to do so.  Underestimating the negative impact of protective tariffs can be very dangerous economically -- then and now.
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explanation in the answer

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During this time period, the federal government and other institutions created loyalty programs. To keep their jobs, or to be hired, employees had to swear an oath of loyalty to the Constitution and to swear that they had never been a part of an organization that had advocated the overthrow of the government. They also had to swear that they would never join any such group in the future. The program went further and required hearings and investigations if someone was accused of being disloyal. Under President Truman the first loyalty program was started in 1947 - affecting federal employees and potential employees. The program soon spread to other organizations, particularly state governments, schools, and universities.

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