How did the smoot-hawley affect the American economy

Question

History

Koen Mahoney

15 September, 05:03

How did the smoot-hawley affect the American economy

+4

Answers (1)

Know the Answer?

Brian Holloway · Answer 1

The Smoot-Hawley Act is the Tariff Act of 1930. It increased 900 import tariffs by an average of 40% to 48%. Most economists blame it for worsening the Great Depression ... In June 1930, Smoot-Hawley raised already high U. S. tariffs on foreign agricultural imports.