What was the purpose of the Smoot-Hawley Tariff Act of 1930?

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The Smoot-Hawley Tariff Act of 1930 aimed to raise tariffs on imported goods to protect American industries amid the economic challenges of the Great Depression. By increasing tariffs, the U.S. government sought to shield domestic producers from foreign competition, encouraging consumers to buy American-made products. This protectionist measure was intended to support struggling industries and preserve jobs during a period of significant economic turmoil. The act ultimately led to retaliation from other countries and contributed to a decline in international trade, illustrating the complexities and consequences of protectionist policies.

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