How did the smoot-hawley affect the American economy

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Ramos

3 August, 10:37

How did the smoot-hawley affect the American economy

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Karlee Villanueva · Answer 1

The Smoot-Hawley Act is the Tariff Act of 1930. It increased 900 import tariffs by an average of 40% to 48%. Most economists blame it for worsening the Great Depression ... In June 1930, Smoot-Hawley raised already high U. S. tariffs on foreign agricultural imports.