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How did the Smoot-Hawley Tariff Act of the United States effect the global depression?
1. This political action resulted in foreign trading being reduced by two-thirds in the 1930s.
2. Legislation like the Smoot-Hawley Tariff Act increased the value of European currency.
3. The Smoot-Hawley Tariff Act increased the value of the American dollar around the world.
4. Foreign trading partners were able to dump their surplus products on American markets.

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Answer:

Explanation:

The Smoot-Hawley Tariff Act of the United States enacted in 1930 raised tariffs on over 20000 imported goods. Its protectionist policies caused a major interruption in global trades.

The right answer is 1. This political action resulted in foreign trading being reduced by two-thirds in the 1930s.

mawilson6

Answer:

The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Depression. Economists and economic historians have a consensus view that the passage of the Smoot–Hawley Tariff worsened the effects of the Great Depression.

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