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What did investors fear would happen because of the smoot-hawley tariff act?

User Dersimn
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2 Answers

2 votes

Answer:

falling prices

Step-by-step explanation:

User Patrick C
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1 vote

Answer;

-They feared it would crash the US economy and they were right

Explanation;

-The Smoot-Hawley tariff act was an act that raised import duties to protect American businesses and farmers, adding considerable strain to the international economic climate of the Great Depression.

-Individuals such as Henry Ford told Herbert Hoover that this tariff was senseless which proved to be true since it harmed American economy instead of protecting it.

User Jonathan Gilligan
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