The Smoot-Hawley Tariff Act of 1930 contributed to the collapse of global trade
A) by raising tariffs on products imported into the U.S., which in turn led to retaliatory trade-restricting legislation around the world.
B) by imposing economic sanctions against third-world countries.
C) by banning foreign consumer products.
D) by raising tariffs on exports, which deterred domestic producers from selling in foreign markets.

Question

Quizplus · Accepted Answer

The Smoot-Hawley Tariff Act of 1930 raised tariffs on a wide range of products imported into the U.S., which led to retaliatory trade-restricting legislation around the world. This resulted in a decrease in global trade, contributing to the collapse of the world economy during the Great Depression.

The Smoot-Hawley Tariff Act of 1930 Contributed to the Collapse