Question

PLEASE ANSWER ASAP!!

What was one effect of the Smoot-Hawley Tariff?

A. UNEMPLOYMENT DROPPED TO AN UNPRECEDENTED 25 PERCENT, DECREASING OVERALL PRODUCTION.

B. THE UNITED STATES AGREED TO LOWER ITS TARIFFS, BUT ONLY ON ITS AGRICULTURAL EXPORTS.

C. OTHER COUNTRIES RESPONDED BY RAISING TARIFFS ON AMERICAN GOODS, FURTHER HURTING THE ECONOMY.

D. HOOVER CAMPAIGNED ON THE TARIFF'S SUCCESS AND SWEPT TO VICTORY IN THE 1932 ELECTION.

Answer 1

One effect of the Smoot-Hawley Tariff is other countries responded by raising tariffs on American goods, further hurting the economy.

Step-by-step explanation:

• The Tariff Act of 1930, better known as the Smoot-Hawley Tariff implemented protectionist trade policies in United States.
• It was signed by President Herbet Hoover and was sponsored by Senator Reed Smoot and Representative Willis.C.Hawley on June 7, 1930.
• This act increased tariff on foreign imports to America by 20%.
• At least 25 countries responded to it by increasing their own tariffs on American goods.
• Global trade declined steeply resulting in the Great depression.
• It increased 900 import tariffs.
• This act also contributed to the start of World War 2.
• It is one of the worst act in congressional history.