QQuestionHistory
QuestionHistory
"Which of the following were effects of the Smoot-Hawley Tariff? Select all that apply.
A. Taxes on foreign imports were reduced.
B. Foreign governments refused to buy American exports.
C. The depression worsened as more companies were forced out of business."
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Answer
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Step 1Let's solve this step by step:
Step 2: Understand the Smoot-Hawley Tariff
The Smoot-Hawley Tariff Act of 1930 was a protectionist trade policy that dramatically increased tariffs (taxes) on imported goods to protect American businesses during the early years of the Great Depression.
Final Answer
Options B and C are correct effects of the Smoot-Hawley Tariff.
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