The Smoot-Hawley Tariff Act of 1930 Selected Answer: Incorrecta. resulted in foreign nations increasing their tariffs on U. S. export Answers:

a. resulted in foreign nations increasing their tariffs on U. S. export

b. decreased U. S. tariffs to the lowest level since the late 1800s Correct

c. increased U. S. tariffs to an average of 53 percent on protected imports

d. decreased U. S. tariffs to the lowest level since the early 1800s

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Joey

Business

17 May, 04:06

The Smoot-Hawley Tariff Act of 1930 Selected Answer: Incorrecta. resulted in foreign nations increasing their tariffs on U. S. export Answers:

a. resulted in foreign nations increasing their tariffs on U. S. export

b. decreased U. S. tariffs to the lowest level since the late 1800s Correct

c. increased U. S. tariffs to an average of 53 percent on protected imports

d. decreased U. S. tariffs to the lowest level since the early 1800s

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Answers (1)

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Lisa Daniel · Answer 1

The answer is: A) resulted in foreign nations increasing their tariffs on U. S. exports

Explanation:

The Smoot-Hawley Act (Tariff Act of 1930) increased import tariffs on 20,000 products by an average of 40% to 48%.

It was a terrible mistake since it was designed to protect US farmers but instead it ended up increasing food prices. Everything went wrong, it worsened the Great Depression, other countries retaliated against the US and imposed their own tariffs on American products, and it reduced global trade by 65%.