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What was the purpose of the Hawley-Smoot Tariff of 1930?

A.) to raise import tariffs to protect U.S. firms from foreign competition.
B.) to reduce income taxes as a means to boost consumption. to lower estate taxes to benefit entrepreneurs.
C.) to prop up the prices of farm products in the export market.
D.) to increase the purchasing power of workers

Respuesta :

Option A, is the right answer, that the purpose of the Hawley- Smoot Tariff of 1930 was to raise import tariffs to protect U.S. firms from foreign competition.


A tax on import is known as Tariff, and the so-called Hawley- Smoot tariff led to a significant rise in the tariff rates on farm products imported into the country. This Tariff Act according to them ( Hawley- Smoot )  would increase the sales of American farm product because these products would be cheaper than foreign products that have a tariff attached to its prices.


The purpose of the Hawley-Smoot Tariff of 1930 was to raise import tariffs to protect U.S. firms from foreign competition.

What is tarrif?

Tarrif is a certain amount of money paid by an individual who comes to trade in another country.

The individual is not a resident of the country but usually trade in the country.

Therefore, The purpose of the Hawley-Smoot Tariff of 1930 was to raise import tariffs to protect U.S. firms from foreign competition.

Learn more on tarrif here,

https://brainly.com/question/2178644

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