What did investors fear as a result of the Smoot-Hawley Tariff Act?

What did investors fear as a result of the Smoot-Hawley Tariff Act?

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

What was the negative impact of the Hawley Smoot Tariff?

The Act and tariffs imposed by America’s trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Depression. Economists and economic historians have a consensus view that the passage of the Smoot–Hawley Tariff worsened the effects of the Great Depression.

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

The Smoot-Hawley Tariff Act of June 1930 raised U.S. tariffs to historically high levels. The original intention behind the legislation was to increase the protection afforded domestic farmers against foreign agricultural imports.

What was the consequence of the Smoot-Hawley tariff of 1930 quizlet?

The Hawley-Smoot Tariff wast enacted in 1930. This treaty raised tariffs on many imported goods. Many American trading partners retaliated in response to this tariff. The Hawley-Smoot Tariff might have even worsened the Great Depression.

Can you buy a stock when the market is closed?

Investors can trade stocks during the hours before and after the stock market closes. Known as after-hours trading, this allows you to buy or sell stocks after the market closes. In addition, each brokerage firm may have different rules for trading when the market is closed.

Is it better to buy stocks when the market is open or closed?

Trading When the Market Opens Trading during the first one to two hours the stock market is open on any day is all many traders need. The first hour tends to be the most volatile, providing the most opportunity (and potentially the most risk).

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