Question

Which outcomes resulted from the passage of the Hawley-Smoot Tariff Act? Check all that apply. Countries around the world increased their tariffs in response. Trade gradually increased as taxes on imports fell. Domestic industries initially benefited from new tariffs. Imports and exports exchanged between the United States and Britain fell by nearly 66%. Countries such as Germany and Austria were able to control their economic downturn.

Answer 1

The Hawley-Smoot Tariff Act led to increased global tariffs, initial but short-term domestic benefits, and a massive decrease in US-UK trade. It did not improve global economic conditions but worsened the Great Depression by curtailing international trade.

Step-by-step explanation:

The passage of the Hawley-Smoot Tariff Act led to multiple outcomes, which included:

• Countries around the world increasing their tariffs in response to the U.S. action, effectively raising trade barriers globally.
• Domestic industries initially experiencing a temporary benefit from new tariffs; however, this was short-lived due to subsequent drops in international trade.
• A significant decline in trade between the United States and Britain, with imports and exports falling by nearly 66%.

This tariff, which was the highest in U.S. history, did not lead to an increase in trade as taxes on imports did not fall, and it did not help countries like Germany and Austria to control their economic downturn. Instead, it contributed to the Great Depression by severely reducing international trade and worsening the global economic climate.

Answer 2

1.) Countries around the world increased their tariffs in response
3.)Domestic industries initially benefited from new tariffs.
4.) Imports and exports exchanged between the United States and Britain fell by nearly 66%.