What did investors fear would happen because of the Smoot-Hawley Tariff Act?

1 Answer
Sim W.
Jun 12, 2017

They feared it would crash the US economy and they were right

Explanation:

People such as Henry Ford told Herbert Hoover that this tariff was senseless which proved to be true since it harmed American economy instead of protecting it. European countries such as the UK responded with similar protectionist measures which affected the US economy.

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