What caused the hawley-smoot tariff?

Answer 1

In an effort to increase the protection of domestic farmers against foreign agricultural imports, the Smoot-Hawley Act was passed. Efforts at European economic recovery following World War I led to massive agricultural overproduction. Food prices declined, causing farmers incomes to decline drastically. President Hoover, vowed to help farmers using protective tariffs . But soon everyone, including industry, wanted protective tariffs as well. The result, was the highest level of tariffs in US history. Foreign exporters retaliated, hitting US imports with high tariffs as well. Although the Smoot-Hartley Tariff Act did not cause the Depression, it made it a lot worse and International trade diminished to less than one third of its original totals.

Answer 2

It's actually refered to as the "Smoot-Hawley" Tariff Act. It was passed in essence to protect American farmers and some industries shortly after the 1929 Stock Market crash. Passed in 1930 it effectively placed high import taxes "tariffs" on imported goods. However, no country is simply going to sit back and allow Another Country to raise their import taxes without raising their own. So, to make the long story short: Smoot-Hawly actually backfired on America and basically brought international trade to a standstill, by allowing countries to keep competition out of their country. We almost made the same identical mistake just this past year, when in the Obama stimulus package both parties wanted to insert a "Buy American only" clause. Britain and few other large trading partners threatned to do the same thing back to us and we backed down in a hurry.

Answer 3

The Hawley Smoot Tariff was a protectionist act that raised taxes on imported goods. It was part of a round of protectionist acts implemented by governments as economies around the world slowed down. The general consensus is that these tariffs including HS, contributed significantly to the great depression by slowing down international trade.

Answer 4

The end of the use of high tariffs in 20th-century American trade policy.

Answer 5

they imported more American goods

Answer 6

It was very popular with European farmers because they could easily sell their crops in America.

Answer 7

it raised tariffs on imported goods.

Answer 8

Harriet Tubman

Answer 9

destroying international trade