How did the Hawley-Smoot Tariff help spread the Depression overseas?

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07-06-2022
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How did the Hawley-Smoot Tariff help spread the Depression overseas?

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20cshaheeridn 20cshaheeridn · Answer 1 · 2022-06-07T13:15:09-04:00

20cshaheeridn 20cshaheeridn

07-06-2022

Answer:

The Smoot-Hawley Act increased tariffs on foreign imports to the U.S. by about 20%. At least 25 countries responded by increasing their own tariffs on American goods. Global trade plummeted, contributing to the ill effects of the Great Depression.

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