Question
Did the Smoot-Hawley Act lend money to European nations after WWI to rebuild communities damaged during the war?
Answers
Answered by
GPT 3.5
No, the Smoot-Hawley Act, passed in 1930, was actually a protectionist tariff that raised import duties to historically high levels in an attempt to protect American industries and farmers from foreign competition. It did not include provisions for lending money to European nations for post-war reconstruction.