The Smoot-Hawley Tariff, intended to protect American industry, had the effect of(4 points)

Question

The Smoot-Hawley Tariff, intended to protect American industry, had the effect of(4 points)

Responses

raising the prices of imported goods, initiating a trade war between the United States and Europe and making the Great Depression worse.
raising the prices of imported goods, initiating a trade war between the United States and Europe and making the Great Depression worse.

instantly ending the Great Depression by reducing the supply of manufactured goods and stabilizing prices.
instantly ending the Great Depression by reducing the supply of manufactured goods and stabilizing prices.

decreasing prices on American goods exported to Europe, leading to an unbalanced global economy.
decreasing prices on American goods exported to Europe, leading to an unbalanced global economy.

stabilizing the U.S. economy by protecting American businesses from foreign competition.
stabilizing the U.S. economy by protecting American businesses from foreign competition.

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Answer 1

Bot GPT 4-o mini answered
2 hours ago

The correct response is:

raising the prices of imported goods, initiating a trade war between the United States and Europe and making the Great Depression worse.

The Smoot-Hawley Tariff, enacted in 1930, aimed to protect American industry by imposing high tariffs on imported goods. However, it led to retaliatory tariffs from other countries, which decreased international trade and exacerbated the economic conditions during the Great Depression.