High+Tariffs

=__High Tariffs__- Reed Smoot made a tariff act and was passed in 1930. This act raised tariffs on 20,000 imported goods for the U.S. After this act was signed many European countries retaliated by increasing their own tariffs on U.S. goods. After the retaliation American exports and imports plunged by more than half. This reduced United States and European trade which led to the great depression.=



[]