The Smoot-Hawley Act of 1930 helped reduce the depth and duration of the Great Depression by decreasing tariffs dramatically.

Name: The Smoot-Hawley Act of 1930 helped reduce the depth and duration of the Great Depression by decreasing tariffs dramatically.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

The Smoot-Hawley Act of 1930 actually increased tariffs, which many economists believe worsened the Great Depression by reducing international trade and causing other countries to retaliate with their own protectionist measures.

The Smoot-Hawley Act of 1930 Helped Reduce the Depth and Duration