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Summarize: What was the goal of the Hawley-Smoot Tariff? Was the tariff successful?
Answer: The Smoot-Hawley Tariff Act of 1930 raised U.S. imported duties with the goal of protecting American farmers and other industries from foreign competition. The act is now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world.
Answer: The Smoot-Hawley Tariff Act of 1930 raised U.S. imported duties with the goal of protecting American farmers and other industries from foreign competition. The act is now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world.
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