Question

The Smoot-Hawley Tariff had the direct effect of

Answer 1

contribution to the u.s economy

Step-by-step explanation:

contribution to the u.s economy

Answer 2

The Smoot-Hawley Tariff had the direct impact of forcing the global economy down by almost 65%.

Step-by-step explanation:

• The tariff was passed to support the farmers who had suffered during the Great Depression.

• However, this plan back-fired. The US imposed tariffs on many agricultural products that were imported.

• The increased food prices led almost all countries to retaliate with their own prices. This eventually led to a slow down of the economy.

• The world economy suffered badly and the tariff worsened the Great Depression. It is also believed to have started World War II.