The Smoot-Hawley Tariff had the direct effect of providing loans to help banks and businesses. shantytowns being built across the country. Bonus Army demonstrations in Washington, DC. foreign countries refusing to buy American goods
Answers
Answer:
Foreign countries refusing to buy American goods is the correct answer.
Explanation:
The Hawley Tariff act was placed on the goods and services that were imported from foreign countries. It purpose was to raise tariffs o the imports for protecting the American manufactures form competition. This tariff was so high that it led to decline of sale of foreign goods in US and in response the European countries also raised their tariffs for American goods, it reduced the sale of American goods in other countries. This act was important because american goods were expensive for sale in Europe and their prices increased when the European countries raised the tariffs. The act backfired and intensified the impact of Great Depression. The tariff was the highest in the history of USA and the sale of american goods declined from 2300 million in 1929 to 784 million in 1932.
Answer:
d
Explanation: