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Question
how did the smoot-hawley tariffs impact the global economy? (1 point) other countries accepted the tariffs and no changes occurred to the economy. other countries stopped importing similar products and stifled global trade. other countries refused to pay the tariffs and stopped trading with the united states. other countries imposed tariffs on u.s. made goods and worsened the global depression.
The Smoot - Hawley Tariffs were high tariffs imposed by the US on imported goods. In response, other countries retaliated by imposing tariffs on US - made goods. This trade war led to a significant reduction in international trade, which worsened the global economic depression of the 1930s.
- The first option is wrong because other countries did not accept the tariffs and the economy was severely affected.
- The second option is incorrect as the main response was retaliatory tariffs rather than just stopping imports of similar products.
- The third option is wrong because countries didn't just stop trading with the US but imposed retaliatory tariffs.
- The fourth option correctly describes the impact: other countries imposed tariffs on US goods and this worsened the global depression.
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D. Other countries imposed tariffs on U.S. made goods and worsened the global depression.