irishgage
Answered

Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

What effects did tariff policies have on the Great Depression?

Sagot :

Gibbs
The tariff policies that were enacted by Congress amid the Great Depression such as the famous Smoot-Hawley Tariff Act had a very damaging impact on the American economy. These highly protectionist measures closed the American economy off to other economies around the world and retaliatory measures were taken by other countries as well. The goal was to increase domestic production, but instead these tariffs had a damaging effect that many believe deepened the impact of the Great Depression. 
We hope this was helpful. Please come back whenever you need more information or answers to your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.