It is generally agreed that the Smoot-Hawley Act of 1930 led to improvements in U.S.exports and an overall increase in U.S.output and employment.

Question

Quizplus · Accepted Answer

The statement is false. While the Smoot-Hawley Act did lead to increases in U.S. exports and output in certain sectors, it also led to retaliatory tariffs from other countries and an overall decrease in international trade, which had negative impacts on employment and the economy as a whole.

It Is Generally Agreed That the Smoot-Hawley Act of 1930