Question

What was the intention of the Hawley-Smoot Tariff Act? A. Encourage people to invest in the stock market again B. Encourage people to buy American made goods C. Encourage Americans to buy cheaper foreign goods D. Encourage foreign countries to buy more US goods

Answer 1

The Hawley-Smoot Tariff Act intended to encourage people to buy American-made goods by raising tariffs on imported goods, in an effort to protect American industries from foreign competition. Therefore, the correct option is B.

Step-by-step explanation:

The intention of the Hawley-Smoot Tariff Act, also known as the Smoot-Hawley Tariff Act of 1930, was to B. Encourage people to buy American-made goods. The act aimed to protect American industries from foreign competition by raising tariffs on imported goods. However, the act backfired as it led other countries to retaliate with their own tariffs on U.S. goods, which resulted in a decrease in international trade.