Ground Education

Hawley Smoot Tariff Definition. This treaty raised tariffs on many imported goods. It increased 900 import tariffs by an average of 40% to 50%.

Smoot-Hawley Tariff Act | History, Effects, & Facts | Britannica
Smoot-Hawley Tariff Act | History, Effects, & Facts | Britannica from www.britannica.com

The protest included five basic points. The reason the law was passed was to significantly raise to create high protective tariffs (taxes) and to increased rates on imported (foreign) goods. Legislation in the united states, passed in 1930, that raised tariffson thousands of imports.