(4 points)
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.
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.
1 answer
The correct answer 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, raised tariffs on many imported goods in an attempt to protect American industries. However, it led to retaliatory tariffs from other nations, reducing international trade and exacerbating the global economic decline during the Great Depression.
