What was the purpose of the Smoot-Hawley tariff?
Smoot-Hawley Tariff Act, formally United States Tariff Act of 1930, also called Hawley-Smoot Tariff Act, U.S. legislation (June 17, 1930) that raised import duties to protect American businesses and farmers, adding considerable strain to the international economic climate of the Great Depression.
What was the Smoot-Hawley 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.
What was the Hawley Smoot Tariff and how did it backfire *?
The Hawley Smoot Tariff seriously backfired as furious European countries imposed a tax on American goods making them too expensive to buy in Europe, and restricting trade which contributed to the economic crisis of the Great Depression.
Did the Smoot-Hawley Tariff work as intended?
It did not work, and the United States sank deeper into the Great Depression.” This amusing scene managed to omit the U.S. Senate, but it was on June 13, 1930, that the Senate passed the Smoot-Hawley Tariff, among the most catastrophic acts in congressional history.
What were two results of the Smoot-Hawley Act quizlet?
President Hoover signed the now-infamous Smoot-Hawley tariff bill, which substantially raised U.S. tariffs on some 890 products. With the reduction of American exports came also the destruction of American jobs, as unemployment levels which were 6.3% (June 1930) jumped to 11.6% a few months later (November 1930).
What were the results of the Smoot-Hawley tariff passed by Congress in 1930 quizlet?
How did the Hawley Smoot Act impact 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.
How did Europe respond to the Hawley Smoot tariff?
THE European response to the signing by President Hoover of the Hawley-Smoot Tariff Act was disapproval–immediate, undisguised and unanimous.
Which best describes the effects of the 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. the crisis led to the end of government regulation of the economy. Based on the information provided, which statement BEST describes one cause of the Great Depression?
What was a consequence of the Smoot-Hawley tariff?
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.
What was the end result of the Smoot-Hawley tariff?
What was the end-result of the Smoot-Hawley Tariff Act? With the reduction of American exports came also the destruction of American jobs, as unemployment levels which were 6.3% (June 1930) jumped to 11.6% a few months later (November 1930).