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3 February, 17:23

What was the hawley-smoot tariff act designed to do?

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  1. 3 February, 19:14
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    hawley-smoot tariff act introduced new tariffs for 900 import items from foreign countries and increased the already high import tariff level from 40% to 48%.

    This increase was felt badly by the manufacturing and the commerce sector in both USA and Europe and worsened the Great Depression too.

    It was also a reason behind the Europe's struggling economies and the beginning of the 2nd world war.
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