Practice question · True or false
The Smoot-Hawley tariff helped the US economy by protecting domestic producers.
Hints
- Ask what other countries did in response.
- Retaliation collapsed the trade the policy was meant to protect.
Show the answer
False
Why
It provoked retaliation that collapsed world trade by two-thirds, a beggar-thy-neighbour policy that beggared everyone, including the US.
Practise The Great Depression
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More questions on The Great Depression
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