What was the purpose of the Hawley-Smoot Tariff of 1930?

a. to raise import tariffs to protect U. S. firms from foreign competition

b. to reduce income taxes as a means to boost consumption

c. to lower estate taxes to benefit entrepreneurs

d. to prop up the prices of farm products in the export market

e. to increase the purchasing power of workers

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Reyna

25 January, 11:29

What was the purpose of the Hawley-Smoot Tariff of 1930?

a. to raise import tariffs to protect U. S. firms from foreign competition

b. to reduce income taxes as a means to boost consumption

c. to lower estate taxes to benefit entrepreneurs

d. to prop up the prices of farm products in the export market

e. to increase the purchasing power of workers

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Viviana Steele · Answer 1

The purpose of the Hawley-Smoot Tariff of 1930 was to raise import tariffs to protect U. S. firms from foreign competition. The correct option among all the options that are given in the question is the first option or option "a". This was the reason behind the record increase in tariffs on over 20000 imported goods.