Smoot-Hawley Tariff Act

How would tariffs protect the U.S. economy?

Select THREE

• Made american goods cheaper and more attractive to US buyers

  
  

• increased the cost of foreign goods 

• Placing a tax on foreign goods.

• Making U.S. products more expensive to Americans

What did the Smoot-Hawley Tariff Act do?

• Raised tariffs on multiple goods averaging about 20%

• Lowered all taxes

• Raised tariffs on farming goods only

• Ended all tariffs.

Which President was considering the Smoot Hawley Tariff Act?

• Woodrow Wilson

• Calvin Coolidge

• Theodore Roosevelt

• Herbert Hoover

How did foreign countries react to the Tariff Act?

• Foreign countries negotiated trade deals with the U.S.

• Foreign countries placed tariffs on American goods.

• Foreign countries did not respond and trade continued as usual.

• Foreign countries declared war on the United States.

What effect did the Tariff Act have on American business?

• Increased U.S. businesses success

• Led to underproduction of goods in the U.S.

• Higher prices to sell to the European market

• Businesses were hurt and exports dropped 80%

What global impact did the Tariff Act have?

• Trade decreased

• Trade increased

• Economic prosperity

• Ended the Great Depression