Smoot-Hawley Tariffs Which of the following is FALSE about the Smoot Hawley Tari

Question

Smoot-Hawley Tariffs Which of the following is FALSE about the Smoot Hawley Tariffs A.  It was granted to sectors that kept wage rates high B.  It helped end the Great Depression C.  It was enacted to protect domestic industries D.  They were imposed on products that were cheaper to import Smoot-Hawley Tariffs Smoot-Hawley Tariffs Which of the following is FALSE about the Smoot Hawley Tariffs A.  It was granted to sectors that kept wage rates high B.  It helped end the Great Depression C.  It was enacted to protect domestic industries D.  They were imposed on products that were cheaper to import

Explanation / Answer

Ans:

Option B

It helped end the Great Depression

Smoot Hawley Tariff Act was introduced to raise import duties and protect domestic industries.Smoot Hawley Tariffs added considerable strain to the international economic environment.Hence it is false to say that it helped to end the Great Depression.

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