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Question
the purpose of the smoot-hawley tariff was to protect american industries, and its effect was:
a) it led to a decrease in international trade and worsened the great depression.
b) it boosted global economic recovery and increased exports.
c) it had no significant impact on the u.s. economy.
d) it resulted in immediate economic growth and prosperity.
The Smoot - Hawley Tariff Act raised tariffs on imported goods. Other countries retaliated by raising their own tariffs, which led to a significant decrease in international trade. This reduction in trade worsened the economic conditions of the Great Depression, as it disrupted global trade flows and hurt industries that relied on exports or imported inputs. Option b is incorrect because it did not boost global economic recovery or increase exports (in fact, exports decreased). Option c is incorrect as it had a major negative impact on the US economy. Option d is incorrect as it did not lead to immediate economic growth; instead, it exacerbated the Great Depression.
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a) It led to a decrease in international trade and worsened the Great Depression.