Adones9985 Adones9985
  • 08-01-2018
  • History
contestada

What did investors fear as a result of the smoot-hawley tariff act?

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jamilahmcphers jamilahmcphers
  • 17-01-2018
A decline in prices.
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debpv95
debpv95 debpv95
  • 14-05-2019

Answer: It was feared that it would crash the US economy.

It was believed that this tariff was senseless , and it proved to be true since it harmed the US economy instead of protecting it.

For example, Henry Ford told Herbert Hoover that the didn't agree with this act.

Also, many European countries such as the UK implemented similar measures which affected the economy of the United States.

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