Question

What was the purpose of the Hawley-Smoot Tariff of 1930?

Answer 1

Option A, is the right answer, that the purpose of the Hawley- Smoot Tariff of 1930 was to raise import tariffs to protect U.S. firms from foreign competition.

A tax on import is known as Tariff, and the so-called Hawley- Smoot tariff led to a significant rise in the tariff rates on farm products imported into the country. This Tariff Act according to them ( Hawley- Smoot )  would increase the sales of American farm product because these products would be cheaper than foreign products that have a tariff attached to its prices.

Answer 2

The purpose of the Hawley-Smoot Tariff of 1930 was to raise import tariffs to protect U.S. firms from foreign competition. The correct option among all the options that are given in the question is the first option or option "A". I hope that this is the answer that has actually come to your great help.