Which outcomes resulted from the passage of the Hawley-Smoot Tariff Act? Check all that apply.

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Which outcomes resulted from the passage of the Hawley-Smoot Tariff Act? Check all that apply.

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2022-04-19T17:56:08+00:00 2 Answers 0

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  1. Violet
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    2022-04-19T17:57:44+00:00

    It hiked duties, prompting various nations to retaliate with retaliatory levies, making it more difficult for American farmers and companies to sell abroad.

    • The Smoot-Hawley Tariff Act of June 1930 raised tariffs in the United States to record highs.
    • The legislature’s initial goal was to enhance domestic farmers’ protection against international agricultural goods.
    • Many people who had lost everything lived in urban slums.
    • In reaction, countries throughout the globe raised their tariffs.
    • Exports and imports between the United States and the United Kingdom plummeted by nearly 66% after the passing of the Hawley-Smoot Tariff Act.

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  2. Eden
    0
    2022-04-19T17:58:06+00:00

    Countries around the world increased their tariffs in response.

    Domestic industries initially benefited from new tariffs.

    Imports and exports exchanged between the United States and Britain fell by nearly 66%.

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