Question

what was a result of the united states placing high tariffs on foreign goods during the 1930s

Answer 1

One result of the United States placing high tariffs on foreign goods during the 1930s was the exacerbation of the Great Depression. The Smoot-Hawley Tariff Act of 1930 raised tariffs on over 20,000 imported goods, leading to retaliatory tariffs on American exports by other countries. This ultimately resulted in a decrease in international trade and worsened the economic crisis. The tariffs contributed to a decrease in global trade, increased unemployment, and overall economic hardship for many countries.