THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How did the Hawley-Smoot Tariff hurt the United States during the Great Depression?
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It made American produced food more expensive which lead to many Americans needing to rely on soup kitchens for food.
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It was the main cause of the stock market crash in 1929.
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It resulted in the decline of American goods sold in foreign nations.
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It made makeshift “Hooverville” towns illegal, leaving the homeless with nowhere to go.
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Explanation:
Detailed explanation-1: -Smoot-Hawley contributed to the early loss of confidence on Wall Street and signaled U.S. isolationism. By raising the average tariff by some 20 percent, it also prompted retaliation from foreign governments, and many overseas banks began to fail.
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