How Did The Smoot-Hawley Act Affect The Great Depression?
How Did The Smoot-Hawley Act Affect The Great Depression? 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