Which statement best describes an effect of Smoot-Hawley tariff?
Which statement describes an effect of the Smoot-Hawley Tariff Act of 1930? Countries retaliated against the U.S. by raising their own tariffs.
What was one effect of the Smoot-Hawley tariff of 1930?
It raised the price of imports to the point that they became unaffordable for all but the wealthy, and it dramatically decreased the amount of exported goods, thus contributing to bank failures, particularly in agricultural regions.
What was an effect of the Smoot-Hawley Tariff Act of 1930 quizlet?
What was a consequence of the Smoot-Hawley tariff? It raised tariffs and provoked foreign countries to raise retaliatory tariffs and, as a consequence, made it harder for American farms and businesses to sell abroad.
Which of these best describes how the Smoot-Hawley Tariff Act of 1930 affected America’s international trade relations?
Which of these BEST describes how the Smoot-Hawley Tariff Act of 1930 affected America's international trade relations? It harmed America's international trade relations.
What was the Hawley-Smoot Tariff quizlet?
The Smoot-Hawley Tariff Act of June 1930 raised U.S. tariffs to historically high levels. The original intention behind the legislation was to increase the protection afforded domestic farmers against foreign agricultural imports. shanty-towns that housed many who had lost everything.
How did the Smoot-Hawley Tariff contribute to the Great Depression quizlet?
The Smoot-Hawley Tariff Act goal was to increase U.S. farmer protection against agricultural imports. Once other sectors caught wind of these changes, a large outcry to incrase tariffs in all sectors of the economy followed. The increase in this tariff added economic strain to countries during the Great Depression.
What was the Hawley Smoot Tariff quizlet?
The Smoot-Hawley Tariff Act of June 1930 raised U.S. tariffs to historically high levels. The original intention behind the legislation was to increase the protection afforded domestic farmers against foreign agricultural imports. shanty-towns that housed many who had lost everything.
How did the Smoot-Hawley Tariff Act contribute to the Great Depression quizlet?
The Smoot-Hawley Tariff Act goal was to increase U.S. farmer protection against agricultural imports. Once other sectors caught wind of these changes, a large outcry to incrase tariffs in all sectors of the economy followed. The increase in this tariff added economic strain to countries during the Great Depression.
What was the Smoot-Hawley Act and what was the result of it quizlet?
The Smoot-Hawley Tariff Act of June 1930 raised U.S. tariffs to historically high levels. The original intention behind the legislation was to increase the protection afforded domestic farmers against foreign agricultural imports. shanty-towns that housed many who had lost everything.
What were two results of the Smoot-Hawley Act?
As the Hawley-Smoot Tariff made its way through Congress, corporate lobbyists attached to the bill dozens of new tariffs on imported manufactured goods. Thus, the bill ultimately raised tariff rates not only on foreign farm products but also on a variety of imported factory-made products.
How did the Smoot-Hawley Tariff lead to the Great Depression quizlet?
The Smoot-Hawley Tariff Act goal was to increase U.S. farmer protection against agricultural imports. Once other sectors caught wind of these changes, a large outcry to incrase tariffs in all sectors of the economy followed. The increase in this tariff added economic strain to countries during the Great Depression.
What was the goal of the Hawley-Smoot Tariff was the tariff successful quizlet?
What was the goal of the Smoot-Hawley Tariff Act? To protect American farmers and other industries from foreign competition.
What did the Hawley Smoot Tariff Act do?
Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported goods. An Act To provide revenue, to regulate commerce with foreign countries, to encourage the industries of the United States, to protect American labor, and for other purposes.
Which of the following is true of the Hawley Smoot Tariff?
Which of the following us true of the Hawley-Smoot Tariff? It weakened the economy because it resulted in other nations having less to buy American products. federal loans to banks, insurance companies, and railroads.