The Smoot-Hawley Act raised tariff barriers in the hope of protecting jobs and diverting consumer demand away from foreign products.

Question

Quizplus · Accepted Answer

The Smoot-Hawley Act, passed in 1930, did indeed raise tariff barriers in an attempt to protect American jobs and industries from foreign competition. However, many economists believe that the act actually worsened the Great Depression by reducing international trade and causing retaliatory tariffs from other countries.

The Smoot-Hawley Act Raised Tariff Barriers in the Hope of Protecting