QQuestionEconomics
QuestionEconomics
One result of the Smoot-Hawley Tariff Act of 1930, which increased tariffs on imports to the United States, was that _______.
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Answer
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Step 1I'll solve this problem by providing a structured historical analysis.
Step 2: Understand the Context
The Smoot-Hawley Tariff Act of 1930 was a significant piece of economic legislation passed during the early stages of the Great Depression. The act dramatically raised import tariffs on thousands of foreign goods entering the United States.
Final Answer
The most significant outcome was the creation of a destructive cycle of protectionist trade policies that ultimately harmed global economic cooperation and individual national economies.
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