Respuesta :
Countries around the world increased their tariffs in response.
Domestic industries initially benefited from new tariffs.
Imports and exports exchanged between the United States and Britain fell by nearly 66%.
Domestic industries initially benefited from new tariffs.
Imports and exports exchanged between the United States and Britain fell by nearly 66%.
It hiked duties, prompting various nations to retaliate with retaliatory levies, making it more difficult for American farmers and companies to sell abroad.
- The Smoot-Hawley Tariff Act of June 1930 raised tariffs in the United States to record highs.
- The legislature's initial goal was to enhance domestic farmers' protection against international agricultural goods.
- Many people who had lost everything lived in urban slums.
- In reaction, countries throughout the globe raised their tariffs.
- Exports and imports between the United States and the United Kingdom plummeted by nearly 66% after the passing of the Hawley-Smoot Tariff Act.
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