In 1930, the U.S.government attempted to help domestic firms that were harmed by the Great Depression by

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The Smoot-Hawley Act was passed in 1930 in an attempt to help domestic firms by raising tariffs on imported goods to protect them from foreign competition. However, this led to retaliation from other countries and worsened the Great Depression. GATT, WTO, and NAFTA were established in later years to promote international trade and reduce barriers to trade.